COSCO SHIPPING Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 11:12 am
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COSCO SHIPPING Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 408.04 million compared to CNY 385.1 million a year ago. Revenue was CNY 408.04 million compared to CNY 385.1 million a year ago. Net income was CNY 49.59 million compared to CNY 41.8 million a year ago. Basic earnings per share from continuing operations was CNY 0.1359 compared to CNY 0.1149 a year ago. Diluted earnings per share from continuing operations was CNY 0.1353 compared to CNY 0.1123 a year ago.
COSCO SHIPPING Technology Co., Ltd., formerly China Shipping Network Technology Co., Ltd., is a China-based company principally engaged in the provision of computer application services. The Company primarily provides intelligent transportation system integration as well as information technology and scientific management of transportation, such as variable information boards, transportation signal systems, lane controllers, monitoring systems, toll systems, communication systems, video transportation parameter and incident testing systems. The Company also involves in the sale of industrial automation products, such as digital direct current speed-adjustable device control cabinets, alternative current speed-adjustable device control cabinets, boiler control systems, intelligent electrical panel for ships and substation control cabinets, among others. The Company distributes its products within domestic market.
COSCO SHIPPING TECHNOLOGY CO., LTD. 
