Nanjing Quanxin Cable Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 29, 2020 at 08:59 am EDT
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Nanjing Quanxin Cable Technology Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 533.635 million compared to CNY 477.348 million a year ago. Operating income was CNY 128.400 million compared to operating loss of CNY 86.334 million a year ago. Net income was CNY 97.676 million compared to CNY 92.588 million a year ago. Basic earnings per share from continuing operations was CNY 0.3367 compared to CNY 0.303 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. 
