IReader Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 06:10 pm EDT
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IReader Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 520.41 million compared to CNY 553.99 million a year ago. Revenue was CNY 520.41 million compared to CNY 553.99 million a year ago. Net loss was CNY 14.98 million compared to net income of CNY 63.35 million a year ago. Basic loss per share from continuing operations was CNY 0.03 compared to basic earnings per share from continuing operations of CNY 0.15 a year ago. Diluted loss per share from continuing operations was CNY 0.03 compared to diluted earnings per share from continuing operations of CNY 0.15 a year ago.
IReader Technology Co Ltd is a China-based company mainly engaged in the provision of Internet digital reading platform services. The Company is mainly engaged in three businesses. The Internet digital reading platform service business mainly distributes digital reading products to Internet users through digital reading platforms, and provides commercial value-added services. The derivative business is mainly engaged in the production, production and operation of intellectual property (IP) video content. The copyright product business mainly operates original online literature copyrights and outputs its content value and IP value to various cultural and entertainment customers such as reading, film and television, and animation. The Company mainly conducts it businesses in the domestic market.