Zhuhai CosMX Battery Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 18, 2022 at 06:49 am
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Zhuhai CosMX Battery Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 3,004.58 million compared to CNY 2,273.18 million a year ago. Revenue was CNY 3,004.58 million compared to CNY 2,273.18 million a year ago. Net income was CNY 50.91 million compared to CNY 255.19 million a year ago. Basic earnings per share from continuing operations was CNY 0.05 compared to CNY 0.26 a year ago. Diluted earnings per share from continuing operations was CNY 0.05.
Zhuhai CosMX Battery Co Ltd is a China-based company engaged in the research and development, production and sales of consumer polymer soft encapsulated lithium-ion batteries. The Company's products are divided into consumer lithium-ion batteries and power lithium-ion batteries. The consumer lithium-ion battery products include battery cells and battery packs (PACK), and the application fields include notebook computers, tablet computers, smart phones, smart wearable devices, consumer unmanned aerial vehicles (UAVs) and others. The power lithium-ion battery products include battery cells, modules and battery packs (PACK), which are mainly used in automobile start and stop systems and electric motorcycles. The Company's products have been exported to India, the United States, Brazil, Canada and other regions.