Shenzhen Longood Intelligent Electric Co.,LTD Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 04:22 pm IST
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Shenzhen Longood Intelligent Electric Co.,LTD reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 557.39 million compared to CNY 560.43 million a year ago. Revenue was CNY 557.39 million compared to CNY 560.43 million a year ago. Net income was CNY 21.92 million compared to CNY 49.41 million a year ago. Basic earnings per share from continuing operations was CNY 0.08 compared to CNY 0.19 a year ago. Diluted earnings per share from continuing operations was CNY 0.08 compared to CNY 0.19 a year ago.
Shenzhen Longood Intelligent Electric Co Ltd is a company mainly engaged in research, development, production and sales of intelligent controllers for electrical appliances. The Company's products include intelligent controllers for electrical appliances, intelligent power supplies and so on. The intelligent controllers for electrical appliances are applied in household appliances, electrical tools and robots. The intelligent power supplies products include power management systems, digital inverter power supplies and plant factory management systems. The Company also provides professional lithium battery product solutions through its subsidiary, such as portable energy storage power supplies. The products are mainly used in household appliances, power tools and electric bicycles.