Hexing Electrical Co.,Ltd Reports Earnings Results for the Nine Months Ended September 30, 2021
October 29, 2021 at 04:16 am EDT
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Hexing Electrical Co.,Ltd reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 1,783.37 million compared to CNY 1,982.8 million a year ago. Revenue was CNY 1,783.37 million compared to CNY 1,982.8 million a year ago. Net income was CNY 177.65 million compared to CNY 389.79 million a year ago. Basic earnings per share from continuing operations was CNY 0.36 compared to CNY 0.79 a year ago. Diluted earnings per share from continuing operations was CNY 0.36 compared to CNY 0.79 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.