Jolywood Sunwatt Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 01:40 pm
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Jolywood (Suzhou) Sunwatt Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 2,009.47 million compared to CNY 1,131.24 million a year ago. Revenue was CNY 2,009.47 million compared to CNY 1,131.24 million a year ago. Net income was CNY 88.7 million compared to CNY 11.86 million a year ago. Basic earnings per share from continuing operations was CNY 0.08 compared to CNY 0.01 a year ago. Diluted earnings per share from continuing operations was CNY 0.08 compared to CNY 0.01 a year ago.
Jolywood Suzhou Sunwatt Co Ltd is a China-based company mainly engaged in photovoltaic auxiliary materials, high-efficiency batteries, high-efficiency modules, and photovoltaic application-related businesses. The photovoltaic auxiliary materials products are mainly photovoltaic backplanes, including double-sided coated and one-side coated composite structure series backplanes. The high-efficiency battery products are n-type tunneling oxide passivation contact (TOPCon) bifacial cells. The high-efficiency module products are n-type TOPCon modules. The photovoltaic application business mainly includes household distributed photovoltaic engineering procurement and construction (EPC) business, ground centralized photovoltaic, and industrial and commercial distributed photovoltaic EPC business. The Company operates its businesses in domestic and foreign markets.