Yingtong Telecommunication Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
August 29, 2021
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YingTong Telecommunication Co.,Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced total revenue was CNY 475.404 million compared to CNY 532.804 million a year ago. Operating loss was CNY 4.582 million compared to operating Income of CNY 27.923 million a year ago. Net loss was CNY 9.801 million compared to net income of CNY 22.441 million a year ago. Basic loss per share from continuing operations was CNY 0.06 compared to basic earnings per share from continuing operations of CNY 0.15 a year ago. Diluted loss per share from continuing operations was CNY 0.06 compared to diluted earnings per share from continuing operations of CNY 0.14 a year ago.
YingTong Telecommunication Co., Ltd, formerly Hubei Yingtong Telecommunication Cable Co., Ltd., is a China-based company principally involved in the research, development, manufacture and sales of acoustic products, USB data cables and other products. The Company operates through two main segments. The Main Business segment is primarily involved in the manufacture and sales of acoustic products including semi-finished earphones and earphone cables, USB data cables, as well as other products. The Other Business segment is primarily engaged in waste disposal, sales of raw materials, samples and moulds, among others.