Shenzhen Topband Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 26, 2021 at 04:24 am EDT
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Shenzhen Topband Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 1,697.665 million compared to CNY 770.336 million a year ago. Operating income was CNY 264.601 million compared to CNY 74.736 million a year ago. Net income was CNY 239.380 million compared to CNY 63.018 million a year ago. Basic earnings per share from continuing operations was CNY 0.21 compared to CNY 0.06 a year ago.
Shenzhen Topband Co., Ltd is a China-based company principally engaged in the design, development, processing, manufacture and sales of electronic intelligent controllers. The Company operates its businesses through three segments, including Intelligent Controller segment, New Energy segment and Motor segment. The Intelligent Controller segment provides intelligent controller equipment and system solutions. Its intelligent controller products are applied in various industries, including home appliances, power tools, power switches, personal care, industrial control, medical instrument and others. The New Energy segment mainly provides nano lithium iron phosphate batteries, which are used in new energy vehicles and energy storage systems. The Motor segment mainly offers high efficiency motors. The Company distributes its products in both domestic and overseas markets.
SHENZHEN TOPBAND CO., LTD. 
