Jiangsu Tongda Power Technology Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 27, 2021 at 04:00 am EDT
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Jiangsu Tongda Power Technology Co.,Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 1,483.67 million compared to CNY 1,130.23 million a year ago. Revenue was CNY 1,483.67 million compared to CNY 1,130.23 million a year ago. Net income was CNY 91.02 million compared to CNY 60.43 million a year ago. Basic earnings per share from continuing operations was CNY 0.5513 compared to CNY 0.366 a year ago. Diluted earnings per share from continuing operations was CNY 0.5513 compared to CNY 0.366 a year ago.
Jiangsu Tongda Power Technology Co.,Ltd. is a China-based company principally engaged in the research, development, manufacture and sale of small and medium-sized motors, generators and fixed-rotor iron cores, as well as the provision of related services. The Company's small and medium-sized motor used in machinery, steel, electricity, chemicals, cement, paper, metallurgy, petrochemical industries, as well as infrastructure projects. The Company's small and medium-sized generators are mainly used in wind power generators, fuel generators, hydroelectric generators, mobile power generators and other power generation equipment. The Company distributes its products mainly in domestic market, with East China as its main market.