MLS Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 06:15 am EDT
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MLS Co., Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 3,994.61 million compared to CNY 4,473.46 million a year ago. Revenue was CNY 3,994.61 million compared to CNY 4,473.46 million a year ago. Net income was CNY 181.94 million compared to CNY 296.54 million a year ago. Basic earnings per share from continuing operations was CNY 0.12 compared to CNY 0.2 a year ago. Diluted earnings per share from continuing operations was CNY 0.12 compared to CNY 0.2 a year ago.
MLS Co., Ltd. is a China-based company principally engaged in the research, development, manufacture and distribution of light emitting diodes (LED) packaging and application products. The Companyâs main products include LED lamps, Surface Mounted Devices (SMD) series and LED applications, among others. The Company's products are mainly used in indoor and outdoor lighting, lamps, landscape lighting, home electronics, traffic signals, flat panel display and lighting engineering. The Company distributes its products in domestic market and to overseas markets.