Wuxi Xinje Electric Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 09, 2021 at 03:48 am EDT
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WuXi Xinje Electric Co.,Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 1,134.392 million compared to CNY 649.641 million a year ago. Operating income was CNY 381.559 million compared to CNY 186.712 million a year ago. Net income was CNY 331.677 million compared to CNY 163.452 million a year ago. Basic earnings per share from continuing operations was CNY 2.36 compared to CNY 1.16 a year ago.
WuXi Xinje Electric Co.,Ltd. is a China-based company principally engaged in the research, design, manufacture and distribution of industrial automation control components and the provision of intelligent control system for original equipment manufacturer (OEM) automatic industry. The Company's products mainly include programmable logic controllers, human-computer interfaces, driving system, as well as intelligent equipment, among others. The Company mainly operates its business in domestic market, with Jiangsu, Guangdong, Zhejiang, as well as Shandong province as its major markets.