Shenzhen Changfang Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 09:43 pm IST
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Shenzhen Changfang Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 212.7 million compared to CNY 272.69 million a year ago. Revenue was CNY 212.7 million compared to CNY 272.69 million a year ago. Net loss was CNY 35.06 million compared to CNY 18.49 million a year ago. Basic loss per share from continuing operations was CNY 0.0444 compared to CNY 0.0234 a year ago. Diluted loss per share from continuing operations was CNY 0.0444 compared to CNY 0.0234 a year ago.
SHENZHEN CHANGFANG GROUP Co., LTD., formerly Shenzhen ChangFang Light Emitting Diode Lighting Co., LTD., is principally engaged in the research, development, design, production and distribution of light emitting diode (LED) lighting source devices and LED lighting products. The Company's packaging products mainly include dual in-line pin (DIP) LED lighting source devices and surface mounted technology (SMD) LED lighting source devices. Its lighting application products primarily include LED balloon lamps, tubes, ceiling reflector lamps, candle lamps, road lamps, down lamps, as well as ceiling lamps, among others. Through its subsidiaries, the Company is also engaged in the provision of education services.