Guangzhou Baiyun Electric Equipment Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 27, 2020 at 05:44 am EDT
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Guangzhou Baiyun Electric Equipment Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 1,217.088 million compared to CNY 1,031.204 million a year ago. Operating loss was CNY 105.959 million compared to CNY 49.290 million a year ago. Net loss was CNY 93.666 million compared to CNY 31.390 million a year ago. Basic loss per share from continuing operations was CNY 0.2073 compared to CNY 0.0709 a year ago. Diluted loss per share from continuing operations was CNY 0.2073 compared to CNY 0.0707 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. 
