Wutong Holding Group Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 26, 2020 at 08:41 am EDT
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Wutong Holding Group Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 2,593.490 million compared to CNY 2,759.235 million a year ago. Operating income was CNY 68.074 million compared to CNY 78.172 million a year ago. Net income was CNY 59.049 million compared to CNY 106.123 million a year ago. Basic earnings per share from continuing operations was CNY 0.05 compared to CNY 0.08 a year ago.
Wutong Holding Group Co Ltd, formerly Jiangsu Wutong Communications CO., LTD, is mainly engaged in the manufacture and distribution of wireless communication radio frequency (RF) connection systems and mobile terminal products. Its wireless communication RF connection systems include RF connecting devices, connection structures and passive devices. Its optical fiber connecting products include optical fiber connectors, optical splitters and couplers, optical fiber distribution frames, fiber boxes and others. The Company also provides antennas, coaxial cables, mobile terminal products and others. The Company distributes its products within domestic market and to overseas markets.