Zhongyeda Electric Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 29, 2021 at 03:55 am EDT
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Zhongyeda Electric Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 2,488.747 million compared to CNY 1,461.595 million a year ago. Operating income was CNY 169.980 million compared to CNY 117.683 million a year ago. Net income was CNY 124.516 million compared to CNY 87.174 million a year ago. Basic earnings per share from continuing operations was CNY 0.23 compared to CNY 0.16 a year ago.
ZHONGYEDA ELECTRIC CO., LTD is a China-based distributor of industrial electrical products. The Company operates its businesses through the wholesale of energy, materials and mechano-electronic equipment, and electric equipment and machinery manufacturing business. The Company's products include low-voltage electrical products, medium voltage electrical products, industrial control products and others. The Company also provides system integration and sets manufacturing. The Company distributes its products within domestic market and to overseas markets.