Square Technology Group Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 03:38 am EDT
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Square Technology Group Co.,Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 452.9 million compared to CNY 315.46 million a year ago. Revenue was CNY 452.9 million compared to CNY 315.46 million a year ago. Net income was CNY 48.06 million compared to CNY 33.85 million a year ago. Basic earnings per share from continuing operations was CNY 0.16 compared to CNY 0.11 a year ago. Diluted earnings per share from continuing operations was CNY 0.16 compared to CNY 0.11 a year ago.
Square Technology Group Co., Ltd., formerly Nantong Square Cold Chain Equipment Co., Ltd., is principally engaged in the research and development, production and sale of cold chain equipment and special containers. The Company's major product is based on quick freezing equipment, including refrigeration equipment and tank containers. The Company's products are widely used in aquatic products, meat and poultry, fruits and vegetables, rice products, ice cream, baked goods and prepared foods, and other agricultural and sideline products. Its products are also used in fields, such as the cooling and processing of food, the logistics industry of frozen stuff, chemical industry, energy, and food and beverage, among others.