Chang Lan Electric Technology Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2019
August 16, 2019 at 03:31 pm EDT
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Chang Lan Electric Technology Co.,Ltd. announced earnings results for the half year ended June 30, 2019. For the half year, the company announced sales was CNY 357.186 million compared to CNY 311.548 million a year ago. Operating income was CNY 84.029 million compared to CNY 83.294 million a year ago. Net income was CNY 74.150 million compared to CNY 72.956 million a year ago. Basic earnings per share from continuing operations was CNY 0.38 compared to CNY 0.38 a year ago.
Chang Lan Technology Group Co Ltd, formerly Chang Lan Electric Technology Co Ltd, is a China-based company principally involved in the research, development, manufacture, sales and service-providing of power cable accessories and auxiliary products. The Company operates through two main segments. The Main Business segment is primarily engaged in the sales and manufacture of cable accessories and complete sets of products. The Other Business segment is principally engaged in the sales of cables and scraps. The Companyâs main products include ultra-high voltage cable accessories, high voltage cable accessories, medium and low voltage cables accessories and other products.