Shenzhen Sinovatio Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 02:34 pm IST
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Shenzhen Sinovatio Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 88.54 million compared to CNY 186.44 million a year ago. Revenue was CNY 88.54 million compared to CNY 186.44 million a year ago. Net loss was CNY 54.71 million compared to net income of CNY 12.4 million a year ago. Basic loss per share from continuing operations was CNY 0.32 compared to basic earnings per share from continuing operations of CNY 0.07 a year ago. Diluted loss per share from continuing operations was CNY 0.32 compared to diluted earnings per share from continuing operations of CNY 0.07 a year ago.
Shenzhen Sinovatio Technology Co., Ltd. is a China-based company principally engaged in the research and development, manufacture and sales of network visualization infrastructure products. The Company is also engaged in the research and development, manufacture and sales of Internet content security products and big data operation products. It provides the related product installation, commissioning and training services. The Company's main products include Internet broadband data convergence and distribution management products, mobile access network data acquisition and analysis products and network content security products, among others. The Company mainly distributes its products within domestic market.