GuangDong Rifeng Electric Cable Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
August 26, 2021 at 04:38 am EDT
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GuangDong Rifeng Electric Cable Co., Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was CNY 1,512.592 million compared to CNY 720.851 million a year ago. Operating income was CNY 86.043 million compared to CNY 56.417 million a year ago. Net income was CNY 79.452 million compared to CNY 50.233 million a year ago. Basic earnings per share from continuing operations was CNY 0.33 compared to CNY 0.29 a year ago.
GuangDong Rifeng Electric Cable Co., Ltd. is a China-based company that independently develops and manufactures rubber sheathed wire and cable. The Company is mainly engaged in the research, development, production and sales of electrical equipment and special equipment supporting cables. The products mainly include four categories: air conditioning cable components, small household appliance wiring components, special equipment cables and other cables, and widely used in household appliances, robots, wind power, marine engineering, port machinery, construction machinery, shipbuilding, power tools, instrumentation, automotive, lighting, outdoor equipment and other fields. The Company distributes its products in domestic market and to overseas markets.