Zhejiang Jinlihua Electric Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 28, 2020 at 08:56 am EDT
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Zhejiang Jinlihua Electric Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 109.069 million compared to CNY 124.879 million a year ago. Operating loss was CNY 11.717 million compared to operating Income of CNY 10.343 million a year ago. Net loss was CNY 10.963 million compared to net income of CNY 1.205 million a year ago. Basic loss per share from continuing operations was CNY 0.0937 compared to basic earnings per share from continuing operations of CNY 0.0103 a year ago.
Jinlihua Electric Co Ltd, formerly Zhejiang Jinlihua Electric Co Ltd, is a China-based company principally engaged in the research, development, manufacture, sales of glass insulators, and provision of related technical services. The Companyâs main products include glass insulators for high-voltage, ultra high-voltage and special high-voltage alternating current (AC) and direct current (DC) electric power transmission and transformation lines, including standard type insulators, fog type suspension insulators, open air profile type suspension insulators, and cap and pin type suspension insulators, as well as ceramic insulators. The Companyâs products are mainly used in insulation and suspension wires of power transmission lines. In addition, the Company is also engaged in the operation of drama, television shows and movies through its subsidiaries.
JINLIHUA ELECTRIC CO., LTD. 
