Hexing Electrical Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 04:34 pm EDT
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Hexing Electrical Co.,Ltd announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 451.654 million compared to CNY 526.320 million a year ago. Operating income was CNY 49.300 million compared to CNY 85.524 million a year ago. Net income was CNY 60.478 million compared to CNY 76.850 million a year ago. Basic earnings per share from continuing operations was CNY 0.12 compared to CNY 0.16 a year ago.
HEXING ELECTRICAL CO., LTD. is a China-based company principally engaged in the research, design, manufacture and distribution of electric metering products, intelligent power distribution system and software, as well as the provision of intelligent power distribution system solutions. The Companyâs products and services include intelligent electrical products, including single-phase smart meters, three-phase smart meters, high end metering products and digital display meters, overall solutions for power distribution, power cloud services, construction and operation of power grid infrastructure. The Company distributes its products within domestic market and to overseas markets.
HEXING ELECTRICAL CO.,LTD. 
