Suzhou Secote Precision Electronic Co.,Ltd Reports Earnings Results for the Full Year Ended December 31, 2019
April 27, 2020 at 03:08 pm EDT
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Suzhou Secote Precision Electronic Co.,LTD announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 1,205.512 million compared to CNY 904.386 million a year ago. Operating income was CNY 135.670 million compared to CNY 99.414 million a year ago. Net income was CNY 122.418 million compared to CNY 121.038 million a year ago. Basic earnings per share from continuing operations was CNY 0.74 compared to CNY 0.75 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 
