Tatwah Smartech Co.,Ltd Reports Earnings Results for the Full Year Ended December 31, 2021
April 27, 2022 at 07:33 am
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Tatwah Smartech Co.,Ltd reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 2,173.83 million compared to CNY 1,852.95 million a year ago. Revenue was CNY 2,241.1 million compared to CNY 2,114.91 million a year ago. Net loss was CNY 514.31 million compared to net income of CNY 20.12 million a year ago. Basic loss per share from continuing operations was CNY 0.47 compared to basic earnings per share from continuing operations of CNY 0.02 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.