Zhejiang Tengen Electrics Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
July 20, 2020 at 07:17 pm EDT
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Zhejiang Tengen Electrics Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 342.742 million compared to CNY 470.972 million a year ago. Operating income was CNY 39.495 million compared to CNY 41.610 million a year ago. Net income was CNY 28.587 million compared to CNY 38.488 million a year ago. Basic earnings per share from continuing operations was CNY 0.09 compared to CNY 0.12 a year ago.
Zhejiang Tengen Electrics Co Ltd is a China-based company mainly engaged in the research and development, production and sales of low-voltage electrical products. The Company's main products include power distribution appliances, control appliances, terminal appliances, power appliances, instrument appliances, etc., such as molded case circuit breakers, alternating curren contactors, miniature circuit breakers, transformers and meters. Its products are used in power distribution systems in industrial, commercial and civil buildings such as factories, shopping malls and residential buildings, as well as machine tools and other electrical control components of various industrial equipment and power grid supporting facilities. The Company mainly conducts its businesses in the China market.
ZHEJIANG TENGEN ELECTRICS CO.,LTD. 
