Wutong Holding Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 27, 2021 at 10:03 am EDT
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Wutong Holding Group Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 1,119.900 million compared to CNY 689.702 million a year ago. Operating income was CNY 17.239 million compared to operating loss of CNY 2.646 million a year ago. Net income was CNY 15.159 million compared to net loss of CNY 3.883 million a year ago. Basic earnings per share from continuing operations was CNY 0.01 compared to basic loss per share from continuing operations of CNY 0.003 a year ago.
Wutong Holding Group Co Ltd, formerly Jiangsu Wutong Communications CO., LTD, is mainly engaged in the manufacture and distribution of wireless communication radio frequency (RF) connection systems and mobile terminal products. Its wireless communication RF connection systems include RF connecting devices, connection structures and passive devices. Its optical fiber connecting products include optical fiber connectors, optical splitters and couplers, optical fiber distribution frames, fiber boxes and others. The Company also provides antennas, coaxial cables, mobile terminal products and others. The Company distributes its products within domestic market and to overseas markets.