Hangzhou Weiguang Electronic Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 05:08 am EDT
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Hangzhou Weiguang Electronic Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 330.55 million compared to CNY 229.93 million a year ago. Revenue was CNY 330.55 million compared to CNY 229.93 million a year ago. Net income was CNY 77.35 million compared to CNY 40.11 million a year ago. Basic earnings per share from continuing operations was CNY 0.34 compared to CNY 0.17 a year ago. Diluted earnings per share from continuing operations was CNY 0.34 compared to CNY 0.17 a year ago.
HANGZHOU WEIGUANG ELECTRONIC CO.,LTD. is a China-based company principally engaged in the development, manufacture and sales of micro-motors and draught fans. The main products of the Company include cooler motors, outer-rotor blowers and Electronically Commutated Motors (ECMs). The Companyâs products are mainly applied in Heating, Ventilation and Air Conditioning (HVAC), freezers, industrial cooling machines, industrial air conditioners, cold driers, fresh air systems and air purifiers, among others. The Company distributes its products in domestic market and to overseas markets.
HANGZHOU WEIGUANG ELECTRONIC CO.,LTD. 
