Wuxi Nce Power Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 27, 2021 at 11:43 pm EDT
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Wuxi NCE Power Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 316.520 million compared to CNY 170.371 million a year ago. Operating income was CNY 86.684 million compared to CNY 27.390 million a year ago. Net income was CNY 75.143 million compared to CNY 24.407 million a year ago. Basic earnings per share from continuing operations was CNY 0.74 compared to CNY 0.32 a year ago.
Wuxi Nce Power Co Ltd is a China-based company mainly engaged in the research, development, design and sales of metal-oxide-semiconductor field-effect transistor (MOSFET), insulated gate bipolar transistor (IGBT) and other semiconductor chips and power devices. The Company's products include chips and power devices. Its products are used in consumer electronics, automotive electronics, industrial electronics, new energy vehicles, charging piles, smart equipment manufacturing, Internet of things and photovoltaic new energy. The Company conducts its businesses within the China market and to overseas markets.
WUXI NCE POWER CO.,LTD. 
