Suzhou Electrical Apparatus Science Academy Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 14, 2020 at 02:36 pm IST
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Suzhou Electrical Apparatus Science Academy Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 96.094 million compared to CNY 154.731 million a year ago. Operating loss was CNY 49.076 million compared to operating Income of CNY 19.035 million a year ago. Net loss was CNY 43.329 million compared to net income of CNY 16.104 million a year ago. Basic loss per share from continuing operations was CNY 0.06 compared to basic earnings per share from continuing operations of CNY 0.02 a year ago.
Suzhou Electrical Apparatus Science Academy Co., Ltd. is a China-based company principally engaged in provision of technology services for electrical apparatus testing. The Company operates through two main segments. The Professional Technological Services segment is primarily involved in provision of low-voltage electrical apparatus testing services, high-voltage electrical apparatus testing services, environmental testing services and certification services. The Other Business segment is mainly involved in the research, development, construction, manufacture, sales and operation of testing software and systems, as well as provision of testing technological advisory services.