Zhongyeda Electric Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 29, 2020 at 03:57 am EDT
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Zhongyeda Electric Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 7,642.076 million compared to CNY 7,173.415 million a year ago. Operating income was CNY 346.518 million compared to CNY 272.682 million a year ago. Net income was CNY 263.078 million compared to CNY 216.026 million a year ago. Basic earnings per share from continuing operations was CNY 0.48 compared to CNY 0.4 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.
ZHONGYEDA ELECTRIC CO., LTD. 
