Zhejiang Meida Industrial Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 22, 2020 at 05:36 am EDT
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Zhejiang Meida Industrial Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,176.632 million compared to CNY 1,142.155 million a year ago. Operating income was CNY 393.615 million compared to CNY 356.182 million a year ago. Net income was CNY 335.246 million compared to CNY 304.503 million a year ago. Basic earnings per share from continuing operations was CNY 0.52 compared to CNY 0.47 a year ago.
Zhejiang Meida Industrial Co., Ltd. is a China-based company principally engaged in the research, development, manufacture and sale of integrated stove products. The Company's main products are the integrated stoves under the brand name of Meida, which combines fumes exhausting, cooking, steaming and disinfection and other functions in one. The Company's products are mainly used in home kitchens and the cooking places of apartments, armies, schools and hospitals. The Company distributes its products in domestic market.