Eastech Holding Ltd operates within the Household audio and video equipment sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Eastech Holding Ltd with three other
companies in this sector in CHINA :
YingTong Telecommunication Co Ltd
sales of 1.21 billion Chinese Renmimbi [US$188.82 million]
of which 82%
Edifier Technology Co Limited
(1.93 billion Chinese Renmimbi [US$302.35 million]
of which 62%
was Earphone), and
Soyea Technology Co., Ltd.
(1.34 billion Chinese Renmimbi [US$209.52 million]
of which 53%
Sales were up sharply during the first
quarter of 2021 versus the previous year's first quarter.
During the first
quarter of 2021, sales at Eastech Holding Ltd totalled
440.24 million Chinese Renmimbi.
an increase of 62.3%
from the 271.26 million Chinese Renmimbi in sales at the company during the first quarter of 2020.
This was the largest same quarter increase in sales since the first
quarter of 2015.
There appears to be at least some degree of seasonality in the sales at Eastech Holding Ltd: during 8 of the previous 9
years, sales were highest during the third quarter.
The exception to this was during 2012, when the
fourth quarter was the best quarter, accounting for
56% of sales (during that same year, the
third quarter accounted for 7% of sales).
During the year ended December of 2020, sales at
Eastech Holding Ltd were 2.09 billion Chinese Renmimbi (US$327.38 million).
decrease of 11.1%
versus 2019, when the company's sales were 2.35 billion Chinese Renmimbi.
Contributing to the drop in overall sales was the 14.8% decline
in Personal Sound System, from 559.00 million Chinese Renmimbi to 476.04 million Chinese Renmimbi.
There were also decreases in sales in
Household Sound System (down 13.7% to 1.22 billion Chinese Renmimbi)
Speaker and Speaker Drivers (down 13.8% to 86.56 million Chinese Renmimbi)
However, these declines were partially offset by the increase in sales of
Other Products (up 11.3% to 307.80 million Chinese Renmimbi)