China XD Electric Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 14, 2022 at 08:23 am EDT
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China XD Electric Co., Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 3,838.01 million compared to CNY 3,104.82 million a year ago. Revenue was CNY 3,887.83 million compared to CNY 3,157.41 million a year ago. Net income was CNY 130.56 million compared to CNY 88.46 million a year ago. Basic earnings per share from continuing operations was CNY 0.0255 compared to CNY 0.017 a year ago.
China XD Electric Co Ltd is a China-based company principally engaged in the provision of power transmission, distribution and control equipment. The Company's main business includes research and development (R&D), design, manufacturing, sales, testing, complete sets of related equipment, technical research, services and engineering contracting for power transmission, distribution and control equipment. The Company's leading products include high-voltage switches with voltage levels of 110kV and above, power transformers, converter transformers, smoothing reactors, shunt reactors, power capacitors, transformers, insulators, bushings, zinc oxide arresters, direct-current transmission converter valves, and others. The Company's products are sold to domestic and foreign markets.