Tecnon Fujian Commercial Lighting Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2021
April 25, 2021 at 04:10 am EDT
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Tecnon Fujian Commercial Lighting Co. Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 1,193.843 million compared to CNY 57.481 million a year ago. Operating income was CNY 42.272 million compared to operating loss of CNY 5.697 million a year ago. Net income was CNY 36.006 million compared to net loss of CNY 4.752 million a year ago. Basic earnings per share from continuing operations was CNY 0.34 compared to basic loss per share from continuing operations of CNY 0.04 a year ago.
Tecnon Electronics Co Ltd, formerly Tecnon (Fujian) Commercial Lighting Co Ltd, is a China-based company mainly engaged in the distribution of semiconductors. The Company operates in two segments. Commercial Lighting segment is mainly engaged in the production and manufacturing of lighting appliances, light-emitting diode (LED) displays and photoelectric signs. Semiconductor Distribution Business segment is mainly engaged in the distribution of semiconductors related to the wireless communications and consumer electronics fields such as mobile radio frequency front-end chips. The Company's products mainly include lighting fixtures, light-emitting diode (LED) displays and photoelectric signs. The Company's products are mainly used in commercial areas such as branded retail terminals, shopping centers, markets, hotels, and theme parks.