Sinostar Cable Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2023
April 26, 2023 at 08:21 am EDT
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Sinostar Cable Co., Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 499.53 million compared to CNY 503.32 million a year ago. Revenue was CNY 499.53 million compared to CNY 503.32 million a year ago.
Net income was CNY 16.55 million compared to CNY 20.51 million a year ago. Basic earnings per share from continuing operations was CNY 0.0361 compared to CNY 0.0447 a year ago. Diluted earnings per share from continuing operations was CNY 0.0361 compared to CNY 0.0447 a year ago.
Sinostar Cable Co Ltd is a China-based company principally engaged in the research and development, production and sales of wires and cables and cable accessories. The Company's main products are 110kV and below power cables, 750kV and below bare wires, wires and cables for electrical equipment and cable accessories. The Company's specific products include power cables (high, medium and low voltage), overhead conductors, overhead insulated cables, rail transit cables, wind energy cables, halogen-free PV cables for photovoltaic systems, mining cables, marine cables, computer cables, control cables, various types of fire-resistant and flame-retardant cables, household appliances wires, civil wires and other wires and cables, as well as 110kV and below cold-shrinkable and heat-shrinkable cable accessories, plug-in parts and power cable protective drive pipes. The Company mainly distributes its products in the domestic market.
SINOSTAR CABLE CO., LTD 
