Jiangsu Yabaite Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 30, 2020 at 07:48 am EDT
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JiangSu Yabaite Technology Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 70.011 million compared to CNY 56.448 million a year ago. Operating income was CNY 29.060 million compared to operating loss of CNY 23.795 million a year ago. Net income was CNY 12.808 million compared to net loss of CNY 28.633 million a year ago. Basic earnings per share from continuing operations was CNY 0.0172 compared to basic loss per share from continuing operations of CNY 0.0384 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 
