Jiangsu Linyang Energy Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 25, 2020 at 07:47 am EDT
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Jiangsu Linyang Energy Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 2,951.413 million compared to CNY 1,667.286 million a year ago. Operating income was CNY 593.419 million compared to CNY 483.292 million a year ago. Net income was CNY 549.593 million compared to CNY 427.187 million a year ago. Basic earnings per share from continuing operations was CNY 0.32 compared to CNY 0.25 a year ago. Diluted earnings per share from continuing operations was CNY 0.29 compared to CNY 0.23 a year ago.
Jiangsu Linyang Energy Co., Ltd. is a China-based company principally engaged in the research and development, manufacture and sales of electrical meters. Its electrical meters include three-phase intelligent power meters, collectors, concentrators, power selling terminals and bidirectional converters, among others. The Company is also engaged in the development, investment, construction and operation of photovoltaic power stations, the research, development, manufacture and sales of monocrystal photovoltaic modules, energy performance contracting and the research, development, manufacture and sales of liquid emitting diode (LED) products. The Company operates businesses in both domestic and overseas markets.