Gongniu Group Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
August 12, 2021 at 04:54 am EDT
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Gongniu Group Co., Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was CNY 5,819.772 million compared to CNY 4,108.674 million a year ago. Operating income was CNY 1,700.209 million compared to CNY 964.703 million a year ago. Net income was CNY 1,421.411 million compared to CNY 803.737 million a year ago. Basic earnings per share from continuing operations was CNY 2.37 compared to CNY 1.36 a year ago.
GONGNIU GROUP CO., LTD. is a China-based company principally involved in the research and development, manufacture and sales of civilian electrical products. The Company's main products include power connection and power extension products including converters, wall switch sockets, Light Emitting Diode (LED) lighting and digital accessories which are used in home and office. The Company also provides products such as circuit breakers, bottom boxes, wireless doorbells, electrical tapes and reels. The Company distributes its products in domestic market and to overseas markets.