Guangdong Shunna Electric Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 05:51 am EDT
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Guangdong Shunna Electric Co. Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 249.237 million compared to CNY 271.976 million a year ago. Operating loss was CNY 93,556.79 compared to CNY 3.405 million a year ago. Net income was CNY 724,153.78 compared to net loss of CNY 4.506 million a year ago. Basic earnings per share from continuing operations was CNY 0.001 compared to basic loss per share from continuing operations of CNY 0.0065 a year ago.
Guangdong Shunna Electric Co., Ltd., formerly Guangdong Macro Co., Ltd., is a China-based company principally engaged in the manufacture and sale of power transmission and distribution equipment. The Company is also engaged in bulk trading and supply chain services for transmission and distribution products. The Company's power transmission and distribution equipment mainly include dry transformers, preinstalled substations, combined transformers, medium- and low-voltage switchgears and dry reactors, among others. The Company mainly conducts its business in the Chinese domestic market.
GUANGDONG SHUNNA ELECTRIC CO., LTD 
