Kangping Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 26, 2021 at 10:53 am EDT
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Kangping Technology (Suzhou) Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 294.407 million compared to CNY 77.087 million a year ago. Operating income was CNY 11.411 million compared to operating loss of CNY 1.461 million a year ago. Net income was CNY 11.721 million compared to net loss of CNY 2.141 million a year ago. Basic earnings per share from continuing operations was CNY 0.1221 compared to basic loss per share from continuing operations of CNY 0.0297 a year ago.
Kangping Technology Suzhou Co Ltd is a China-based company mainly engaged in the research and development, design, production and sales of electric tool motors, power tool complete machines and related parts. The Companyâs products are divided into three categories: motors for power tools mainly include alternating current (AC) and direct current (DC) motors, DC brushed motors, DC brushless motors, etc., as well as various motors in household appliances; power tools mainly include handheld, such as pistol drills, angle grinders, portable, such as table saws, garden tools, such as blowers, etc.; other parts of power tools include motor shafts and other machined products and power tool housings and other injection molded parts. Its products are mainly used in the fields of handheld power tools and garden tools. The Company conducts its businesses within the China market and to overseas markets such as the Americas and Europe.
KANGPING TECHNOLOGY (SUZHOU) CO., LTD. 