Beijing SOJO Electric Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 04:15 pm IST
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Beijing SOJO Electric Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 361.23 million compared to CNY 211.66 million a year ago. Revenue was CNY 361.23 million compared to CNY 211.66 million a year ago. Net loss was CNY 7.59 million compared to net income of CNY 3.39 million a year ago. Basic loss per share from continuing operations was CNY 0.0105 compared to basic earnings per share from continuing operations of CNY 0.0054 a year ago. Diluted loss per share from continuing operations was CNY 0.0105 compared to diluted earnings per share from continuing operations of CNY 0.0054 a year ago.
Beijing Sojo Electric Co Ltd is a China-based company principally engaged in the research, development and sales of power transmission and distribution equipment. The main products of the smart electrical business are power transmission and distribution equipment and control systems below 40.5kV, including ring main units, pole-mounted switches, complete sets of high and low voltage switch cabinets, a full range of low voltage switch cabinets, power quality management and other products, and a full range of 110kV and below Transformers, prefabricated and box-type substations, distribution network automation monitoring systems and other distribution automation products. The smart energy business is mainly engaged in photovoltaic engineering, procurement and construction (EPC) business, energy storage business, electricity sales business, power operation and maintenance business and wind power and other new energy businesses.