Shenzhen Riland Industry Group Co., Ltd Reports Earnings Results for the Half Year Ended June 30, 2021
August 23, 2021 at 07:52 am EDT
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Shenzhen Riland Industry Group Co. Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was CNY 507.092 million compared to CNY 194.210 million a year ago. Operating income was CNY 65.248 million compared to CNY 49.936 million a year ago. Net income was CNY 58.738 million compared to CNY 43.440 million a year ago. Basic earnings per share from continuing operations was CNY 0.129 compared to CNY 0.09 a year ago.
Shenzhen Riland Industry Group Co Ltd, formerly Shenzhen Riland Industry Co Ltd, is a China-based company principally engaged in the research, development, manufacture and sales of inverter welding equipment, welding automation products and welding accessories, as well as the provision of related services. Its inverter welding equipment includes inverter direct current manual arc welding machines, inverter argon arc welding machines, inverter semi-automatic gas shielded welding machines and inverter plasma cutting machines. Its welding automation products include welding carriages, digital welding equipment, efficient welding systems and robotic welding system integration. Its welding accessories include welding and cutting accessories and welding protection products. The Company distributes its products in the domestic market and to overseas markets.