Beijing Sinnet Technology Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 21, 2022 at 05:10 am EDT
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Beijing Sinnet Technology Co., Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,832.58 million compared to CNY 1,959.76 million a year ago. Revenue was CNY 1,832.58 million compared to CNY 1,959.76 million a year ago. Net income was CNY 193.39 million compared to CNY 223.9 million a year ago. Basic earnings per share from continuing operations was CNY 0.11 compared to CNY 0.15 a year ago. Diluted earnings per share from continuing operations was CNY 0.11 compared to CNY 0.15 a year ago.
Beijing Sinnet Technology Co Ltd is a China-based company principally engaged in the provision of data center and cloud computing services. The Company's main businesses include Internet Data Center Services (IDC) and value-added services, cloud computing services, Internet Broadband Access Services (ISP) and other comprehensive Internet services, such as data center planning and construction management services, operation management services, and Cloud computing service platform. The Company also provides system integration services, including Internet integration solutions, enterprise resource planning (ERP) solutions, and carrier-grade operational services for specific industries. The Company mainly conducts its businesses in the domestic market.