Shanghai Cooltech Power Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 04:44 pm IST
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Shanghai Cooltech Power Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 230.17 million compared to CNY 188.14 million a year ago. Revenue was CNY 230.17 million compared to CNY 188.14 million a year ago. Net income was CNY 4.69 million compared to CNY 2.81 million a year ago. Basic earnings per share from continuing operations was CNY 0.0147 compared to CNY 0.0088 a year ago. Diluted earnings per share from continuing operations was CNY 0.0147 compared to CNY 0.0088 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.