Jiangsu Liance Electromechanical Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 03:37 pm IST
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Jiangsu Liance Electromechanical Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 81.53 million compared to CNY 77.72 million a year ago. Revenue was CNY 81.53 million compared to CNY 77.72 million a year ago. Net income was CNY 23.05 million compared to CNY 17.55 million a year ago. Basic earnings per share from continuing operations was CNY 0.36 compared to CNY 0.37 a year ago. Diluted earnings per share from continuing operations was CNY 0.36 compared to CNY 0.37 a year ago.
Jiangsu Liance Electromechanical Technology Co Ltd is a China-based power system testing solution provider. The Company's main businesses include the research and development, manufacturing and sales of power system intelligent test equipment, as well as the provision of power system testing and verification services. Its power system intelligent test equipment includes test benches, test lines, test support equipment, environmental inspection systems and equipment upgrades. Its test and verification services include endurance test verification and performance test verification. The Company's products and services are mainly used in power system testing in the fields like new energy vehicles, fuel vehicles, ships and aviation. The Company mainly conducts its businesses in the domestic market.