Shanghai Moons' Electric Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 26, 2021 at 02:14 pm EDT
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Shanghai MOONS' Electric Co.,Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 614.169 million compared to CNY 405.296 million a year ago. Operating income was CNY 73.271 million compared to CNY 17.122 million a year ago. Net income was CNY 57.056 million compared to CNY 14.222 million a year ago. Basic earnings per share from continuing operations was CNY 0.1372 compared to CNY 0.0342 a year ago.
Shanghai Moons' Electric Co Ltd is a China-based company principally engaged in the research, development, manufacturing and sales of control components and related integrated products for information technology fields. The Company's main products include control motors and their drive systems, light-emitting diode (LED) control and drive products, equipment status management systems and power supply control products, among others. It is also involved in the trading business of Panasonic relays. The Company conducts its businesses in domestic and overseas markets.