Shanghai Hi-Tech Control System Co., Ltd Reports Earnings Results for the Nine Months Ended September 30, 2020
October 30, 2020 at 07:37 am EDT
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Shanghai Hi-Tech Control System Co. Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,592.116 million compared to CNY 1,378.778 million a year ago. Operating income was CNY 118.236 million compared to CNY 37.496 million a year ago. Net income was CNY 81.587 million compared to CNY 16.401 million a year ago. Basic earnings per share from continuing operations was CNY 0.3408 compared to CNY 0.0682 a year ago. Diluted earnings per share from continuing operations was CNY 0.3408 compared to CNY 0.0686 a year ago.
Shanghai Hi-Tech Control System Co., Ltd. is a China-based company principally engaged in the research, development, manufacture and sale of software and hardware products, whole set systems and projects featuring control technology. The Company operates in three segments, including Intelligent Manufacturing segment, New Energy segment and Industrial Electrical Product Distribution segment. Intelligent Manufacturing segment mainly provides industrial automation and communication integration services and industrial automation and communication products. New Energy segment includes high-power electronic product business and new energy power station Engineering Procurement Construction (EPC) business. Industrial Electrical Product Distribution segment is mainly involved in the distribution of industrial electrical and automation products. The Company operates its business mainly in domestic market.
SHANGHAI HI-TECH CONTROL SYSTEM CO., LTD 
