Nanjing Quanxin Cable Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 24, 2020 at 03:10 pm EDT
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Nanjing Quanxin Cable Technology Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 625.449 million compared to CNY 647.991 million a year ago. Operating loss was CNY 95.985 million compared to CNY 174.519 million a year ago. Net income was CNY 137.083 million compared to net loss of CNY 252.504 million a year ago. Basic earnings per share from continuing operations was CNY 0.4539 compared to basic loss per share from continuing operations of CNY 0.8072 a year ago.
NANJING QUANXIN CABLE TECHNOLOGY CO., LTD. is a China-based company principally engaged in the research and development, production and sales of anti-defense military optical cables and components, optoelectronic components, FC optical fiber bus switching systems, optoelectronic integrated equipments and heat transmission products. The Company's main products include fluorine plastic cables, polyolefin cables, other insulation cables and cable assemblies. The Company's products are mainly used in the five military fields of aerospace, aviation, shipbuilding, military electronics and weapons. In addition, The Company is also engaged in the design, assembly and production of water treatment equipments through its subsidiary. The Company mainly operates its business in the domestic market.
NANJING QUANXIN CABLE TECHNOLOGY CO., LTD. 
