Espressif Systems Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 11:59 pm
Share
Espressif Systems (Shanghai) Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 288.95 million compared to CNY 270.51 million a year ago. Revenue was CNY 288.95 million compared to CNY 270.51 million a year ago. Net income was CNY 27.85 million compared to CNY 34 million a year ago. Basic earnings per share from continuing operations was CNY 0.3475 compared to CNY 0.4248 a year ago. Diluted earnings per share from continuing operations was CNY 0.3475 compared to CNY 0.4248 a year ago.
Espressif Systems Shanghai Co Ltd is a China-based company mainly engaged in the research and development, design and sales of Internet of Things (IoT) communication chips and modules. The Company mainly provides customers with overall solutions for the IoT. The Company is also engaged in the technical development of related compilers, tool chains, operating systems, application development frameworks, etc. The Company's products mainly include ESP8266, ESP32, ESP32-C and ESP32-S IoT chip product series. Its products are mainly used in smart home, electrician, lighting, smart speakers, consumer electronics, mobile payment, industrial control and other IoT fields. The Company mainly conducts its businesses in domestic and overseas markets.
ESPRESSIF SYSTEMS (SHANGHAI) CO., LTD. 
