Xi'an Tianhe Defense Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 08:57 am EDT
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Xi'an Tianhe Defense Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 93.6 million compared to CNY 146.68 million a year ago. Revenue was CNY 93.6 million compared to CNY 146.68 million a year ago. Net loss was CNY 7.2 million compared to net income of CNY 14.82 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 0.03 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 0.03 a year ago.
Xi'an Tian He Defense Technology Co., Ltd. is mainly engaged in the development, manufacture and sales of reconnaissance, command and control systems and the trading of related technologies. The Company has four categories of products. Area air defense products include portable air defense missile command systems, field communication intelligent systems and target-guiding radars, among others. General aviation systems include flight service assurance systems and airport ground monitoring radars, among others. Security protection products include frontier inspection vehicles and radars, among others. Marine detection products include water sound fences, sonar systems and underwater reconnaissance systems, among others.