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 company engaged in research and development, production and sales of industrial automation control products. The Company's products are comprised of electrical control integrated applications and electrical control systems which include programmable controllers, human-machine interfaces, drive systems and machine vision. Its products are used in packaging machinery, computer numerical control (CNC) machine tools, glass machinery and woodworking machinery.