Tatwah Smartech Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 25, 2020 at 01:37 pm IST
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Tatwah Smartech Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,867.218 million compared to CNY 1,573.399 million a year ago. Operating loss was CNY 2.221 million compared to operating Income of CNY 326.501 million a year ago. Net income was CNY 5.695 million compared to CNY 310.372 million a year ago. Basic earnings per share from continuing operations was CNY 0.005 compared to CNY 0.2833 a year ago.
Tatwah Smartech Co Ltd is a China-based company mainly engaged in the provision of terminal and system application product solutions. The Company is committed to building a communication network that integrates satellite Internet, big data centers, emergency communications and marine economic operations. The Company mainly conducts its businesses through three segments. The Television (TV) Motherboard and Smart Display segment is mainly engaged in the research and development, manufacturing and sales of smart screens, digital screens, smart TVs and smart display motherboards. The Project Development and System Integration Business segment mainly provides global high-throughput satellite communication services, satellite Internet operation services, communication terminal products and industrial digital applications. The Other Business segment is mainly engaged in other businesses related to communication networks and digital screens.