Zhongyeda Electric Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
August 30, 2021 at 03:58 am EDT
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Zhongyeda Electric Co., Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was CNY 5,933.619 million compared to CNY 4,430.953 million a year ago. Operating income was CNY 276.583 million compared to CNY 221.868 million a year ago. Net income was CNY 210.811 million compared to CNY 171.979 million a year ago. Basic earnings per share from continuing operations was CNY 0.39 compared to CNY 0.32 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.