Guangzhou Baiyun Electric Equipment Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
August 27, 2021 at 09:50 am EDT
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Guangzhou Baiyun Electric Equipment Co., Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was CNY 1,233.506 million compared to CNY 1,217.088 million a year ago. Operating income was CNY 56.114 million compared to operating loss of CNY 105.959 million a year ago. Net income was CNY 46.996 million compared to net loss of CNY 93.666 million a year ago. Basic earnings per share from continuing operations was CNY 0.1064 compared to basic loss per share from continuing operations of CNY 0.2073 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. 
