Sineng Electric Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 20, 2021 at 05:36 am EDT
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Sineng Electric Co.,Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 159.997 million compared to CNY 105.584 million a year ago. Operating income was CNY 16.013 million compared to CNY 19.411 million a year ago. Net income was CNY 15.567 million compared to CNY 18.830 million a year ago. Basic earnings per share from continuing operations was CNY 0.21 compared to CNY 0.34 a year ago.
Sineng Electric Co Ltd is a China-based company mainly engaged in the research, development, manufacturing and sales of power electronic equipment. The Company focuses on power electronic conversion technology and uses power electronic conversion technology to provide solutions for photovoltaic power generation, electrochemical energy storage access to the power grid, and power quality management. The Company's main products include photovoltaic inverter (PV Inverter), power conversion system (PCS) and active power filter (APF), static var generator (SVG), smart power quality correct device (SPC) and other products. The Company distributes its products within domestic market and to overseas markets.
SINENG ELECTRIC CO.,LTD. 
