Jiangsu Yabaite Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 24, 2020 at 11:41 am EDT
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JiangSu Yabaite Technology Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 104.657 million compared to CNY 229.356 million a year ago. Operating loss was CNY 224.692 million compared to CNY 493.790 million a year ago. Net loss was CNY 318.007 million compared to CNY 459.938 million a year ago. Basic loss per share from continuing operations was CNY 0.43 compared to CNY 0.62 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 
