Cig Shanghai Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 23, 2021 at 07:16 am
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CIG ShangHai Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 771.916 million compared to CNY 569.209 million a year ago. Operating income was CNY 28.367 million compared to operating loss of CNY 58.613 million a year ago. Net income was CNY 27.533 million compared to net loss of CNY 58.982 million a year ago. Basic earnings per share from continuing operations was CNY 0.11 compared to basic loss per share from continuing operations of CNY 0.27 a year ago.
CIG Shanghai CO., LTD. is a China-based company principally engaged in the research and development, manufacture and sales of Information Communications Technology (ICT) end products. The Company's main products include telecom broadband terminals, wireless networking equipment, smart home gateways, as well as industrial Internet of Things and solutions. The Company's products are mainly applied in home, enterprises and industrial fields. The Company distributes its products within domestic market and to overseas markets.
CIG SHANGHAI CO., LTD. 
