Hangzhou Lion Electronics Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 06:12 am EDT
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Hangzhou Lion Electronics Co.,Ltd announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 461.540 million compared to CNY 309.327 million a year ago. Operating income was CNY 89.780 million compared to CNY 42.335 million a year ago. Net income was CNY 75.794 million compared to CNY 32.476 million a year ago. Basic earnings per share from continuing operations was CNY 0.19 compared to CNY 0.09 a year ago.
Hangzhou Lion Microelectronics Co Ltd is a China-based company mainly engaged in research, development, production and sales of semiconductor silicon wafers. The Company's primary products are comprised of semiconductor silicon wafers, such as silicon polishing wafers and silicon epitaxial wafers; semiconductor discrete device chips, such as Schottky diode chips and metal-oxide-semiconductor field-effect transistor (MOSFET) chips; semiconductor discrete devices; and gallium arsenide chips. The Company's products are used in communications, computers, automotive industry, consumer electronics, photovoltaic industry, smart grid, medical electronics and other industries. It sells the products to both domestic and international markets, including Malaysia, Japan, and the United States.