Tech Semiconductors Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 19, 2020 at 09:12 am
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Tech Semiconductors Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 264.937 million compared to CNY 418.108 million a year ago. Operating loss was CNY 256.056 million compared to operating Income of CNY 77.474 million a year ago. Net loss was CNY 220.028 million compared to net income of CNY 85.771 million a year ago. Basic loss per share from continuing operations was CNY 1.0324 compared to basic earnings per share from continuing operations of CNY 0.4025 a year ago.
TECH SEMICONDUCTORS CO., LTD is a China-based company mainly engaged in research, development, manufacturing and sales of power semiconductor chips and devices. The Company's main products include power thyristors, rectifiers, insulated gate bipolar transistor (IGBT), power semiconductor modules and other power semiconductor devices for industrial electrical control and power supply equipment. The company is also engaged in pan-cultural business, focusing on Internet film production and investment. The Company conducts its businesses in domestic and overseas markets.