Jiangsu Shemar Electric Co.,Ltd Reports Earnings Results for the Full Year Ended December 31, 2020
March 29, 2021 at 06:46 am EDT
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Jiangsu Shemar Electric Co.,Ltd announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 662.973 million compared to CNY 628.744 million a year ago. Operating income was CNY 175.805 million compared to CNY 148.122 million a year ago. Net income was CNY 130.699 million compared to CNY 127.245 million a year ago. Basic earnings per share from continuing operations was CNY 0.33 compared to CNY 0.34 a year ago.
Jiangsu Shemar Electric Co., Ltd. is a China-based company mainly engaged in research, development, manufacturing and sales of composite external insulation of power system substation, composite external insulation of transmission and distribution lines and rubber seals. Substation composite external insulation products mainly include substation composite insulators, transformer composite bushings and switch composite bushings. Composite external insulation products of transmission and distribution lines mainly include line composite insulators and composite cross-arms. Through in-depth research on the sealing structure of electrical equipment, the material of seals and the installation process of seals, the company has developed an integrated sealing solution for electrical equipment. The Company operates its businesses in both domestic and overseas markets.
JIANGSU SHEMAR ELECTRIC CO.,LTD 
