Zhejiang Jinlihua Electric Co., Ltd. Reports Earnings Results for the First quarter Ended March 31, 2021
April 27, 2021 at 08:17 am EDT
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Zhejiang Jinlihua Electric Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 52.352 million compared to CNY 14.190 million a year ago. Operating income was CNY 5.195 million compared to operating loss of CNY 3.675 million a year ago. Net income was CNY 5.573 million compared to net loss of CNY 3.417 million a year ago. Basic earnings per share from continuing operations was CNY 0.0476 compared to basic loss per share from continuing operations of CNY 0.0292 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. 
