Fujian Torch Electron Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 06:59 pm IST
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Fujian Torch Electron Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 842.93 million compared to CNY 1,153.37 million a year ago. Revenue was CNY 842.93 million compared to CNY 1,153.37 million a year ago. Net income was CNY 193.91 million compared to CNY 258.17 million a year ago. Basic earnings per share from continuing operations was CNY 0.42 compared to CNY 0.56 a year ago. Diluted earnings per share from continuing operations was CNY 0.41 compared to CNY 0.55 a year ago.
Fujian Torch Electron Technology Co Ltd is a China-based company mainly engaged in the production and sales of electronic components. The Company's main businesses include research and development (R&D) and production of capacitors and related products, testing and service business, R&D of high-performance special ceramic materials, international trade of capacitor devices. The Company's main products include chip multilayer ceramic capacitors, leaded multilayer ceramic capacitors and multi-core group ceramic capacitors, which are mainly used in military markets such as aviation, aerospace, ships, weapons, electronic countermeasures, and system communication equipment, industrial control equipment, medical electronic equipment, consumer electronics and other civilian markets.