Shandong Yabo Technology Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 05:43 am EDT
Share
Shandong Yabo Technology Co., Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 83 million compared to CNY 25.88 million a year ago. Revenue was CNY 83 million compared to CNY 25.88 million a year ago. Net income was CNY 4.57 million compared to net loss of CNY 6.86 million a year ago. Basic earnings per share from continuing operations was CNY 0.0022 compared to basic loss per share from continuing operations of CNY 0.0032 a year ago. Diluted earnings per share from continuing operations was CNY 0.0022 compared to diluted loss per share from continuing operations of CNY 0.0032 a year ago.
Shandong Yabo Technology Co Ltd, formerly, JiangSu Yabaite Technology Co Ltd, is a China-based company principally engaged in research, development, manufacture and distribution of dry-type transformers and mobile substations. The Company's main products are mining flame proof dry-type transformers, mining flame proof mobile substations, mining flame proof load centers, energy saving type substation transformers, roll-cored transformers, power transformers and cables, among others. The Company distributes its products principally in domestic markets, with North China as its main market.