Suntront Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2022
October 26, 2022 at 05:23 am EDT
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Suntront Technology Co., Ltd. reported earnings results for the nine months ended September 30, 2022. For the nine months, the company reported sales was CNY 776.62 million compared to CNY 802.45 million a year ago. Revenue was CNY 776.62 million compared to CNY 802.45 million a year ago.
Net income was CNY 163.45 million compared to CNY 302.18 million a year ago. Basic earnings per share from continuing operations was CNY 0.14 compared to CNY 0.26 a year ago. Diluted earnings per share from continuing operations was CNY 0.14 compared to CNY 0.26 a year ago.
Suntront Technology Co Ltd is a China-based company mainly engaged in the research and development, production, sales and service of comprehensive Internet of thing (IoT) smart energy solutions and related products. The Company's products mainly include IoT smart water meters, smart gas meters, smart heat meters, and industrial and commercial smart electromagnetic flow meters, smart water services, smart agricultural water conservation, smart water conservancy, smart heat, cloud services, and others. The Company's products cover energy metering, data collection, data monitoring, data analysis, cloud platform services, and others. The Company's products are widely used in digital management of energy management departments such as water companies, gas companies, heating companies, and property companies.
SUNTRONT TECHNOLOGY CO., LTD. 
