Hexing Electrical Co.,Ltd Reports Earnings Results for the Full Year Ended December 31, 2020
April 11, 2021 at 10:31 am EDT
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Hexing Electrical Co.,Ltd announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 2,805.952 million compared to CNY 2,954.172 million a year ago. Operating income was CNY 482.885 million compared to CNY 575.427 million a year ago. Net income was CNY 481.204 million compared to CNY 500.474 million a year ago. Basic earnings per share from continuing operations was CNY 0.98 compared to CNY 1.03 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. 
