Jiangsu Luokai Mechanical &Electrical Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 23, 2021 at 04:47 am EDT
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Jiangsu Luokai Mechanical &Electrical Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 231.661 million compared to CNY 90.322 million a year ago. Operating income was CNY 15.956 million compared to CNY 3.152 million a year ago. Net income was CNY 12.013 million compared to CNY 2.052 million a year ago. Basic earnings per share from continuing operations was CNY 0.08 compared to CNY 0.01 a year ago.
Jiangsu Luokai Mechanical & Electrical Co., Ltd. is a China-based company principally engaged in the research, development, production and sale of key components, accessories, parts and other supporting products of transmission and distribution switch equipment. The Company's main products include low-voltage and high-voltage circuit breaker (drawing) frames, low-voltage circuit breaker operating mechanisms, high-voltage circuit breaker operating mechanisms, other high-voltage transmission and distribution equipment operating mechanisms, circuit breaker accessories and spare parts. The Company's products are mainly used in power distribution facilities of power systems. The Company distributes its products in domestic market and to overseas markets.
JIANGSU LUOKAI MECHANICAL &ELECTRICAL CO., LTD. 
