Yuan Cheng Cable Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 14, 2021 at 07:36 am EDT
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Yuan Cheng Cable Co.,Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 2,649.773 million compared to CNY 2,792.995 million a year ago. Operating loss was CNY 133.152 million compared to operating Income of CNY 10.878 million a year ago. Net loss was CNY 134.881 million compared to net income of CNY 8.481 million a year ago. Basic loss per share from continuing operations was CNY 0.1878 compared to basic earnings per share from continuing operations of CNY 0.0118 a year ago.
Yuan Cheng Cable Co., Ltd., formerly Recon Wenyuan Cable Co.,Ltd., is principally involved in the design, research, development, production and distribution of wires and cables. The Company mainly provides wires and cables, special cables, bare wires, as well as wires and cables for electric equipment. Its special cables mainly include mineral insulation cables, nuclear level cables, branch cables and photoelectric combined cables. Its wires and cables for electric equipment include polyvinyl chloride insulated and sheathed control cables, among others. The Company's products are mainly applied in the electric power, transportation, airport, metallurgy, construction, machinery and other industries.
YUAN CHENG CABLE CO.,LTD. 
