Wutong Holding Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 22, 2022 at 08:04 am EDT
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Wutong Holding Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 962.41 million compared to CNY 1,119.9 million a year ago. Revenue was CNY 962.41 million compared to CNY 1,119.9 million a year ago. Net loss was CNY 11.44 million compared to net income of CNY 15.16 million a year ago. Basic loss per share from continuing operations was CNY 0.01 compared to basic earnings per share from continuing operations of CNY 0.01 a year ago. Diluted loss per share from continuing operations was CNY 0.01 compared to diluted earnings per share from continuing operations of CNY 0.01 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.