Netac Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 26, 2021 at 09:41 pm IST
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Netac Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 498.168 million compared to CNY 279.405 million a year ago. Operating income was CNY 29.037 million compared to CNY 17.426 million a year ago. Net income was CNY 24.674 million compared to CNY 13.714 million a year ago. Basic earnings per share from continuing operations was CNY 0.1231 compared to CNY 0.0684 a year ago.
Netac Technology Co., Ltd. is a China-based company principally engaged in the research, development, production and sales of flash memory application and mobile storage products. The Company is also engaged in the operation of related technology patent and the house leasing business. The Company's main products include flash drives, mobile hard drives, flash memory control chips, solid state drives and flash memory modules. The Company mainly conducts its business in domestic market.