Guangzhou Baiyun Electric Equipment Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 29, 2021 at 06:46 am EDT
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Guangzhou Baiyun Electric Equipment Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 2,106.56 million compared to CNY 1,949.82 million a year ago. Revenue was CNY 2,106.56 million compared to CNY 1,949.82 million a year ago. Net income was CNY 20.65 million compared to net loss of CNY 69.09 million a year ago. Basic earnings per share from continuing operations was CNY 0.0459 compared to basic loss per share from continuing operations of CNY 0.1536 a year ago. Diluted earnings per share from continuing operations was CNY 0.0459 compared to diluted loss per share from continuing operations of CNY 0.1536 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.