Jiangsu Yabaite Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 01:13 pm EDT
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JiangSu Yabaite Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 50.947 million compared to CNY 13.911 million a year ago. Operating loss was CNY 2.618 million compared to CNY 13.495 million a year ago. Net loss was CNY 4.028 million compared to CNY 14.624 million a year ago. Basic loss per share from continuing operations was CNY 0.0054 compared to CNY 0.0196 a year ago.
Shandong Yabo Technology Co Ltd, formerly, JiangSu Yabaite Technology Co Ltd, is a China-based company principally engaged in research, development, manufacture and distribution of dry-type transformers and mobile substations. The Company's main products are mining flame proof dry-type transformers, mining flame proof mobile substations, mining flame proof load centers, energy saving type substation transformers, roll-cored transformers, power transformers and cables, among others. The Company distributes its products principally in domestic markets, with North China as its main market.
SHANDONG YABO TECHNOLOGY CO., LTD 
