Fujian Raynen Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 25, 2021 at 04:23 am EDT
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Fujian Raynen Technology Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 1,580.93 million compared to CNY 1,073.06 million a year ago. Revenue was CNY 1,580.93 million compared to CNY 1,073.06 million a year ago. Net income was CNY 84.65 million compared to CNY 16.64 million a year ago. Basic earnings per share from continuing operations was CNY 0.4207 compared to CNY 0.0827 a year ago. Diluted earnings per share from continuing operations was CNY 0.4207 compared to CNY 0.0827 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.