Guangdong Greenway Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 19, 2022 at 01:05 pm
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Guangdong Greenway Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 545.45 million compared to CNY 455.06 million a year ago. Revenue was CNY 545.45 million compared to CNY 455.06 million a year ago. Net income was CNY 25.39 million compared to CNY 46.79 million a year ago. Basic earnings per share from continuing operations was CNY 0.25 compared to CNY 0.62 a year ago. Diluted earnings per share from continuing operations was CNY 0.25 compared to CNY 0.62 a year ago.
Guangdong Greenway Technology Co Ltd is a China-based company mainly engaged in the research and development, manufacture and sales of lithium-ion batteries. The Company's products mainly include lithium-ion battery packs such as lithium-ion batteries for light-duty vehicles, consumer electronics batteries and energy storage batteries, as well as lithium-ion battery cells. Its lithium-ion battery packs are mainly used in electric bicycle, electric motorcycle and other electric light vehicle fields, notebook computer, automobile emergency starting power supply, mobile power supply and other consumer electronics fields, as well as portable energy storage fields. Its lithium-ion battery cells are used in its own battery pack products. The Company distributes its products in domestic market and to overseas markets.