Suntront Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023
April 26, 2023 at 07:19 am EDT
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Suntront Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 180.72 million compared to CNY 183.95 million a year ago. Revenue was CNY 180.72 million compared to CNY 183.95 million a year ago.
Net income was CNY 46.32 million compared to CNY 8.02 million a year ago. Basic earnings per share from continuing operations was CNY 0.0399 compared to CNY 0.0068 a year ago. Diluted earnings per share from continuing operations was CNY 0.0399 compared to CNY 0.0068 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. 
