Ocean's King Lighting Science & Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 13, 2020 at 07:19 am EDT
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Ocean's King Lighting Science & Technology Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 1,494.580 million compared to CNY 1,253.196 million a year ago. Operating income was CNY 292.306 million compared to CNY 222.170 million a year ago. Net income was CNY 257.302 million compared to CNY 189.950 million a year ago. Basic earnings per share from continuing operations was CNY 0.3574 compared to CNY 0.2638 a year ago.
Ocean's King Lighting Science & Technology Co., Ltd. is a China-based company principally engaged in the research, development, manufacture and sale of special ambient lighting equipment, as well as the provision of related services. The Company's main products include fixed lighting, mobile lighting and portable lighting. The Company's products are mainly used in electric power, metallurgy, railway, oil field, petrochemicals, public security, fire protection, coal, military, port, venue, civil aviation, shipbuilding and machinery manufacturing industries. The Company distributes its products mainly in domestic market.