Jiangsu Shemar Electric Co.,Ltd Reports Earnings Results for the Nine Months Ended September 30, 2021
October 28, 2021 at 03:58 am EDT
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Jiangsu Shemar Electric Co.,Ltd reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 491.16 million compared to CNY 457.84 million a year ago. Revenue was CNY 491.16 million compared to CNY 457.84 million a year ago. Net income was CNY 63.69 million compared to CNY 95.95 million a year ago. Basic earnings per share from continuing operations was CNY 0.16 compared to CNY 0.24 a year ago. Diluted earnings per share from continuing operations was CNY 0.16 compared to CNY 0.24 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 
