Fujian Raynen Technology Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2019
August 26, 2019 at 01:08 pm EDT
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Fujian Raynen Technology Co., Ltd. announced earnings results for the half year ended June 30, 2019. For the half year, the company announced sales was CNY 762.231 million compared to CNY 1,010.305 million a year ago. Operating income was CNY 30.174 million compared to CNY 94.661 million a year ago. Net income was CNY 30.122 million compared to CNY 78.802 million a year ago. Basic earnings per share from continuing operations was CNY 0.1497 compared to CNY 0.3916 a year ago.
FUJIAN RAYNEN TECHNOLOGY CO., LTD. is a China-based company principally involved in the research, development, manufacture and sales of computerized control system for knitting machines, as well as the distribution of integrated circuit (IC) products. The Company operates through two main segments. The Manufacture segment is mainly engaged in the research, development, manufacture and sales of computerized control system for knitting machines, as well as the manufacture of development tools and evaluation boards for IC products and high - pressure gas discharge lamp electronic ballast, among others. The Distribution segment is primarily engaged in the distribution of integrated circuit chips, other electronic components and industrial electrical automation products.
FUJIAN RAYNEN TECHNOLOGY CO., LTD. 
