Foshan Electrical and Lighting Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 06:46 am EDT
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Foshan Electrical and Lighting Co.,Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 2,007.64 million compared to CNY 1,597.14 million a year ago. Revenue was CNY 2,007.64 million compared to CNY 1,597.14 million a year ago. Net income was CNY 61.37 million compared to CNY 49.69 million a year ago. Basic earnings per share from continuing operations was CNY 0.0455 compared to CNY 0.0368 a year ago. Diluted earnings per share from continuing operations was CNY 0.0451 compared to CNY 0.0365 a year ago.
FOSHAN ELECTRICAL AND LIGHTING CO.,LTD is a China-based company principally engaged in the manufacture, research, development and sale of lighting products. The Company's products are categorized into traditional lighting products and light-emitting diode (LED) lighting products, which include daylight lamps, halogen lamps, energy saving lamps, fluorescent lamps, vehicle headlights, traditional lamps, LED light source and LED lamps, among others. The Company's products are used in indoor and outdoor lighting, landscape lighting and vehicle lighting, among others. The Company distributes its products in domestic market and to overseas markets.