Shenzhen Sine Electric Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 04:33 am
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Shenzhen Sine Electric Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 91.23 million compared to CNY 95.13 million a year ago. Revenue was CNY 91.23 million compared to CNY 95.13 million a year ago. Net income was CNY 14.29 million compared to CNY 14.8 million a year ago. Basic earnings per share from continuing operations was CNY 0.17 compared to CNY 0.23 a year ago. Diluted earnings per share from continuing operations was CNY 0.17 compared to CNY 0.23 a year ago.
Shenzhen Sine Electric Co Ltd is a high-tech enterprise specialized in the research and development, manufacture and sales of motor drive and control system products in the industrial automation field. The Company's main products include general-purpose inverters, integrated special machines and servo system products. The Company's products are applied in lifting machinery, logistics equipment, petrochemicals, wire and cable, plastic machinery, textile machinery, woodworking machinery, air compressor, printing machinery, packaging machinery, metal rolling, building material, ceramic equipment and fan, water pump and other industries. The Company's products also include motor drives for new energy vehicles. The Company distributes its products in domestic market and to overseas markets.