Shanghai Cooltech Power Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 02:17 pm IST
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Shanghai Cooltech Power Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 188.144 million compared to CNY 98.490 million a year ago. Operating income was CNY 3.310 million compared to operating loss of CNY 23.012 million a year ago. Net income was CNY 2.806 million compared to net loss of CNY 21.348 million a year ago. Basic earnings per share from continuing operations was CNY 0.0088 compared to basic loss per share from continuing operations of CNY 0.0667 a year ago.
SHANGHAI COOLTECH POWER CO.,LTD is a China-based company principally engaged in the development, design, manufacture and distribution of intelligent environmental protection power supply equipment. The Company mainly operates through three segments. Intelligent Environmental Protection Power Supply Equipment segment is mainly involved in the development, design, manufacture and sale of intelligent protection power supply equipment, as well as provides pre-sales and after-sale services, such as technology consulting, training, installation and maintenance. New Energy Vehicle segment provides lithium-ion power battery systems for the manufactures of whole vehicles. Energy Saving and Environmental Protection segment primarily provides environmentally friendly low-noise diesel generator sets. The Company distributes its products in East China and South China, as well as Asia market.