Yusys Technologies Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 09:25 am EDT
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Yusys Technologies Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 406.64 million compared to CNY 417.07 million a year ago. Revenue was CNY 406.64 million compared to CNY 417.07 million a year ago. Net income was CNY 1.6 million compared to net loss of CNY 26.33 million a year ago. Basic earnings per share from continuing operations was CNY 0.0023 compared to basic loss per share from continuing operations of CNY 0.0411 a year ago. Diluted earnings per share from continuing operations was CNY 0.0023 compared to diluted loss per share from continuing operations of CNY 0.0412 a year ago.
Yusys Technologies Co., Ltd. is a China-based company engaged in providing banking information technology (IT) solutions, such as consulting service, software products, software development and implementation, operation and maintenance services and system integration to bank-oriented financial institutions. The Company is principally engaged in the development of software and the provision of related services, including customized software development, as well as personnel outsourcing and operation and maintenance services. The Company is also engaged in system integration sales and service business. The Company conducts its business within domestic and overseas markets.