Gongniu Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 01:27 pm IST
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Gongniu Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 3,078.42 million compared to CNY 2,574.27 million a year ago. Net income was CNY 641.43 million compared to CNY 606.93 million a year ago. Basic earnings per share from continuing operations was CNY 1.07 compared to CNY 1.01 a year ago. Diluted earnings per share from continuing operations was CNY 1.07 compared to CNY 1.01 a year ago.
Goneo Group Co Ltd is a China-based company principally involved in the research and development, manufacture and sales of civilian electrical products. The Company's main products include power connection and power extension products including converters, wall switch sockets, Light Emitting Diode (LED) lighting and digital accessories which are used in home and office. The Company also provides products such as circuit breakers, bottom boxes, wireless doorbells, electrical tapes and reels. The Company distributes its products in domestic market and to overseas markets.