Guangdong Shunna Electric Co., Ltd Reports Earnings Results for the Half Year Ended June 30, 2019
August 29, 2019 at 03:35 pm EDT
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Guangdong Shunna Electric Co. Ltd. announced earnings results for the half year ended June 30, 2019. For the half year, the company announced sales was CNY 585.419 million compared to CNY 7,058.481 million a year ago. Operating loss was CNY 18.124 million compared to operating Income of CNY 32.399 million a year ago. Net loss was CNY 15.419 million compared to net income of CNY 14.522 million a year ago. Basic loss per share from continuing operations was CNY 0.0223 compared to basic earnings per share from continuing operations of CNY 0.021 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.