Suzhou Secote Precision Electronic Co.,LTD Reports Earnings Results for the Nine Months Ended September 30, 2019
October 29, 2019 at 06:42 am EDT
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Suzhou Secote Precision Electronic Co.,LTD announced earnings results for the nine months ended September 30, 2019. For the nine months, the company announced sales was CNY 748.535 million compared to CNY 645.242 million a year ago. Operating income was CNY 105.563 million compared to CNY 86.479 million a year ago. Net income was CNY 90.408 million compared to CNY 75.600 million a year ago. Basic earnings per share from continuing operations was CNY 0.55 compared to CNY 0.47 a year ago.
Suzhou Secote Precision Electronic Co., Ltd. is a China-based company principally involve in the research, development, design, manufacture, sales and provision of automated production equipment and related services. The Company operates its business through two main segments. The Main Business segment is primarily involved in the research, development, design, manufacture, sales and provision of automated production equipment and related services, as well as the provision of intelligent production system solutions to customers. The Company's main products include automated assembly equipment, automated testing equipment and fixtures. The Other Business segment is mainly involved in the sales of raw materials. The Company distributes its products to both domestic and overseas markets.
SUZHOU SECOTE PRECISION ELECTRONIC CO.,LTD 
