Qingdao TGOOD Electric Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 08:20 am EDT
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Qingdao TGOOD Electric Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,851.47 million compared to CNY 1,393.44 million a year ago. Revenue was CNY 1,851.47 million compared to CNY 1,393.44 million a year ago. Net income was CNY 17.08 million compared to CNY 21.23 million a year ago. Basic earnings per share from continuing operations was CNY 0.02 compared to CNY 0.02 a year ago. Diluted earnings per share from continuing operations was CNY 0.02 compared to CNY 0.02 a year ago.
Qingdao TGOOD Electric Co., Ltd. is a China-based company principally engaged in the research, development, design, manufacture and sale of unit power transformation and distribution products. The Companyâs main products include outdoor box electrical power equipment and indoor switch cabinets. The Company's products are mainly applied in railway, electrical power and coal industries. The Company is also involved in photovoltaic power generation project Engineering Procurement Construction (EPC), the manufacture and sale of new energy vehicle charging and replacement equipment and related products, the construction and operation of new energy vehicle charging stations, finance leasing and solid heat storage businesses.