Shenzhen Zhaowei Machinery & Electronic Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 21, 2022 at 06:14 am EDT
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Shenzhen Zhaowei Machinery & Electronic Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 215.19 million compared to CNY 260.22 million a year ago. Revenue was CNY 215.19 million compared to CNY 260.22 million a year ago. Net income was CNY 22.69 million compared to CNY 45.48 million a year ago. Basic earnings per share from continuing operations was CNY 0.13 compared to CNY 0.27 a year ago. Diluted earnings per share from continuing operations was CNY 0.13 compared to CNY 0.27 a year ago.
Shenzhen Zhaowei Machinery & Electronic Co Ltd is a China-based company mainly engaged in the research and development, production and sales of micro-drive systems, precision injection molded parts and precision molds. The Company's main products are micro-drive systems, precision injection molded parts and precision molds. Its micro-drive systems include products such as the smart phone camera lifting module, electric curtains, automotive electric tailgates, facial cleansers and smart locks. Its products are mainly used in communication equipment, smart phones, automotive electronics, smart homes, service robots, personal care, medical equipment and other fields. The Company conducts its businesses within the China market and to overseas markets.