Guangdong Shunna Electric Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2019
April 29, 2019 at 04:05 pm EDT
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Guangdong Shunna Electric Co. Ltd. announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced sales was CNY 271.976 million compared to CNY 3,005.639 million a year ago. Operating loss was CNY 3.405 million compared to operating Income of CNY 27.467 million a year ago. Net loss was CNY 4.506 million compared to net income of CNY 8.318 million a year ago. Basic loss per share from continuing operations was CNY 0.0065 compared to basic earnings per share from continuing operations of CNY 0.012 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.