Nanjing Huadong Electronics Information & Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 29, 2021 at 04:50 am EDT
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Nanjing Huadong Electronics Information & Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 16,622.477 million compared to CNY 12,897.762 million a year ago. Operating income was CNY 534.423 million compared to operating loss of CNY 525.167 million a year ago. Net income was CNY 199.723 million compared to net loss of CNY 393.975 million a year ago. Basic earnings per share from continuing operations was CNY 0.0441 compared to basic loss per share from continuing operations of CNY 0.087 a year ago.
TPV Technology Co Ltd, formerly Nanjing Huadong Electronics Information & Technology Co Ltd, is a China-based company principally engaged in the research and development, manufacturing, sales and service of display products. The Company operates its businesses through three segments. The Display segment is engaged in the production of computer monitors, wide screens, curved surfaces, e-sports and commercial displays. The Television (TV) Segment develops smart TV technology based on market conditions and user needs, and provides smart TV products that meet the consumer's audiovisual experience. The Other Business segment is mainly engaged in the sales of audio-visual products, spare parts, phones, tablets and all-in-one computers. The Company distributes its products both in the domestic market and to overseas markets.