Sinomag Technology Co., Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 783.8 million compared to CNY 550.04 million a year ago. Revenue was CNY 804.67 million compared to CNY 559.13 million a year ago.

Net income was CNY 131.01 million compared to CNY 68.22 million a year ago. Basic earnings per share from continuing operations was CNY 1.0882 compared to CNY 0.6353 a year ago. Diluted earnings per share from continuing operations was CNY 1.0882 compared to CNY 0.6353 a year ago.