T&S Communications Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 27, 2020 at 07:28 am EDT
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T&S Communications Co.,Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 373.506 million compared to CNY 623.554 million a year ago. Operating income was CNY 61.149 million compared to CNY 170.707 million a year ago. Net income was CNY 54.771 million compared to CNY 148.198 million a year ago. Basic earnings per share from continuing operations was CNY 0.2381 compared to CNY 0.6444 a year ago.
T&S Communications Co Ltd is a company engaged in research, development, production and sales of optical communication devices and integrated functional modules. The Company's products include optical device products and optical sensing products. The optical device products include passive optical devices and active optical devices, which are used in the construction and maintenance of optical communication networks and data centers. The Company is also involved in the manufacturing of optical fiber sensor monitoring systems for signal monitoring in a range of areas, such as smart grids, petroleum and petrochemicals, as well as transportation.