Shanghai Hi-Tech Control System Co., Ltd Reports Earnings Results for the Half Year Ended June 30, 2022
July 29, 2022 at 02:47 pm IST
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Shanghai Hi-Tech Control System Co., Ltd reported earnings results for the half year ended June 30, 2022. For the half year, the company reported sales was CNY 1,017.83 million compared to CNY 1,134.63 million a year ago. Revenue was CNY 1,024.49 million compared to CNY 1,143.45 million a year ago. Net income was CNY 48.04 million compared to CNY 58.53 million a year ago. Basic earnings per share from continuing operations was CNY 0.1365 compared to CNY 0.1663 a year ago. Diluted earnings per share from continuing operations was CNY 0.1365 compared to CNY 0.1663 a year ago.
Shanghai Hi-Tech Control System Co., Ltd. is a China-based company principally engaged in the research, development, manufacture and sale of software and hardware products, whole set systems and projects featuring control technology. The Company operates in three segments, including Intelligent Manufacturing segment, New Energy segment and Industrial Electrical Product Distribution segment. Intelligent Manufacturing segment mainly provides industrial automation and communication integration services and industrial automation and communication products. New Energy segment includes high-power electronic product business and new energy power station Engineering Procurement Construction (EPC) business. Industrial Electrical Product Distribution segment is mainly involved in the distribution of industrial electrical and automation products. The Company operates its business mainly in domestic market.