Shenzhen AOTO Electronics Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 05:15 pm IST
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Shenzhen AOTO Electronics Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 201.94 million compared to CNY 175.02 million a year ago. Revenue was CNY 201.94 million compared to CNY 175.02 million a year ago. Net loss was CNY 7.22 million compared to net income of CNY 2.17 million a year ago. Basic loss per share from continuing operations was CNY 0.0112 compared to basic earnings per share from continuing operations of CNY 0.0034 a year ago. Diluted loss per share from continuing operations was CNY 0.0112 compared to diluted earnings per share from continuing operations of CNY 0.0034 a year ago.
SHENZHEN AOTO ELECTRONICS CO.,LTD. is a China-based company principally engaged in the research, development, manufacture and sale of light-emitting diode (LED) applications and financial electronic products, as well as the provision of related services. The Company's main products include LED video display systems, LED information release and instruction systems, LED lighting products, electronic receipt systems and Liquid Crystal Display (LCD) advertising machines. The Company also provides related and software integration services. The Company's LED products are mainly used in sports, media advertising, entertainment leasing, transportation, television stations, command centers and smart city landscape lighting. The Company's financial electronic products and services are mainly used in banking and telecommunications industries. The Company distributes its products in domestic and to overseas markets.