Guangzhou Baiyun Electric Equipment Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 27, 2020 at 03:48 pm EDT
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Guangzhou Baiyun Electric Equipment Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 2,860.963 million compared to CNY 2,575.811 million a year ago. Operating income was CNY 182.325 million compared to CNY 213.657 million a year ago. Net income was CNY 159.239 million compared to CNY 169.652 million a year ago. Basic earnings per share from continuing operations was CNY 0.356 compared to CNY 0.3832 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. 
