Guangzhou Baiyun Electric Equipment Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 02:11 pm EDT
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Guangzhou Baiyun Electric Equipment Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 313.656 million compared to CNY 496.113 million a year ago. Operating loss was CNY 88.570 million compared to operating Income of CNY 25.853 million a year ago. Net loss was CNY 81.119 million compared to net income of CNY 23.393 million a year ago. Basic loss per share from continuing operations was CNY 0.1795 compared to basic earnings per share from continuing operations of CNY 0.0528 a year ago.
Guangzhou Baiyun Electric Equipment Co., Ltd. is a China-based company, which is engaged in the research and development, manufacturing, sale and services of complete switchgear control equipment. The Company's products are divided into four categories, including low voltage switchgear equipment, medium voltage switchgear equipment, related electric power electronics products and gas-insulated metal-enclosed switchgears (GIS). Medium and low switchgear equipment used in the power distribution area is the Company's major product. The Company's products are widely used in the fields of metallurgy, oil, petrochemical, paper, automobiles and other industrial enterprises, rail transportation, airports, exhibitions and cultural and sports venues, hospitals, schools and other public facilities, as well as all types of power plants and power grid companies and other distribution facilities.
GUANGZHOU BAIYUN ELECTRIC EQUIPMENT CO., LTD. 
