HG Technologies Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 06:21 am EDT
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HG Technologies Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 281.34 million compared to CNY 243.09 million a year ago. Revenue was CNY 281.34 million compared to CNY 243.09 million a year ago. Net income was CNY 27.5 million compared to CNY 18.73 million a year ago. Basic earnings per share from continuing operations was CNY 0.09 compared to CNY 0.06 a year ago. Diluted earnings per share from continuing operations was CNY 0.09 compared to CNY 0.06 a year ago.
HG Technologies Co Ltd is a China-based company mainly engaged in the research and development, production and sales of printing and copying electrostatic imaging consumables and imaging equipment. The Company's main products are toner, organic photoconductor drum (OPC drum), information security copiers, and special precision processing products. Toner and OPC drums are core consumable materials for printers, copiers, and multi-function machines. The Company's products are exported to China, North America, South America, Europe, Southeast Asia and other parts of the world.