Netac Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 06:43 am EDT
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Netac Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 418.47 million compared to CNY 498.17 million a year ago. Revenue was CNY 418.47 million compared to CNY 498.17 million a year ago. Net income was CNY 8.38 million compared to CNY 24.67 million a year ago. Basic earnings per share from continuing operations was CNY 0.0418 compared to CNY 0.1231 a year ago. Diluted earnings per share from continuing operations was CNY 0.0418 compared to CNY 0.1231 a year ago.
Netac Technology Co., Ltd. is a China-based company principally engaged in the research, development, production and sales of flash memory application and mobile storage products. The Company is also engaged in the operation of related technology patent and the house leasing business. The Company's main products include flash drives, mobile hard drives, flash memory control chips, solid state drives and flash memory modules. The Company mainly conducts its business in domestic market.