North Electro-Optic Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 05:57 am EDT
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North Electro-Optic Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 502.74 million compared to CNY 432.01 million a year ago. Revenue was CNY 502.74 million compared to CNY 432.01 million a year ago. Net income was CNY 20.14 million compared to CNY 15.56 million a year ago. Basic earnings per share from continuing operations was CNY 0.04 compared to CNY 0.03 a year ago. Diluted earnings per share from continuing operations was CNY 0.04 compared to CNY 0.03 a year ago.
North Electro-Optic Co., Ltd. is a China-based company principally engaged in the research and development, design, manufacture and distribution of optoelectronic defense products. The Company is also engaged in the manufacture and sales of optoelectronic materials and components. Its defense products include large-scale weapon systems, precision guidance seekers and optoelectronic information equipment. Its optoelectronic materials and components include optical materials (including ordinary optical materials, low-melting optical materials, infrared materials, laser materials and glass-ceramics), photoelectric materials, components, jewelry glass materials, special materials and optical accessories. The Company distributes its products within domestic market and to overseas markets.
NORTH ELECTRO-OPTIC CO.,LTD. 
