Wangsu Science & Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 27, 2021 at 05:13 am EDT
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Wangsu Science & Technology Co.,Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 1,038.258 million compared to CNY 1,565.772 million a year ago. Operating income was CNY 46.159 million compared to CNY 92.493 million a year ago. Net income was CNY 41.860 million compared to CNY 87.347 million a year ago. Basic earnings per share from continuing operations was CNY 0.0171 compared to CNY 0.0359 a year ago. Diluted earnings per share from continuing operations was CNY 0.017 compared to CNY 0.0359 a year ago.
Wangsu Science & Technology Co., Ltd. specializes in telecommunication services for telecom operators, internet service providers, video game and software publishers. Net sales break down by activity as follows:
- development of digital content distribution solutions and services (90.7%): publishing of content (videos, music, catalogs, software, files, etc.) through the Content Delivery Network (CDN). The group also offers website acceleration, security and optimization services;
- web hosting and cloud computing services (9%);
- other (0.3%): software development, sales of telecommunication equipment, etc.
China accounts for 67.6% of the net sales.
WANGSU SCIENCE & TECHNOLOGY CO.,LTD. 
