Zhongshan Broad-Ocean Motor Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 26, 2020 at 07:10 am EDT
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Zhongshan Broad-Ocean Motor Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 5,545.313 million compared to CNY 6,671.377 million a year ago. Operating income was CNY 245.718 million compared to CNY 328.794 million a year ago. Net income was CNY 198.025 million compared to CNY 264.649 million a year ago. Basic earnings per share from continuing operations was CNY 0.08 compared to CNY 0.11 a year ago.
ZHONGSHAN BROAD-OCEAN MOTOR CO., LTD is an electrical appliance manufacturer. The Company operates its businesses through four segments. The Household Appliances and Household Electrical Appliances segment provides air conditioning load motors, washing machines/dryer motors and others. The New Energy Vehicle Powertrain System segment provides new energy vehicles drive motors and controllers, among others. The Vehicle Rotating Electrical Appliances segment includes traditional car starters and generators. The New Energy Vehicles Operating Platform segment is engaged in the new energy car rental and Internet custom car, new energy vehicle charging station operation, charge pile construction and the provision of other operation and supporting services. The Company conducts its businesses within domestic and overseas markets.
ZHONGSHAN BROAD-OCEAN MOTOR CO., LTD. 
