China XD Electric Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2021
April 29, 2021 at 10:07 pm IST
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China XD Electric Co. Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 3,104.818 million compared to CNY 2,440.377 million a year ago. Operating income was CNY 111.432 million compared to CNY 50.797 million a year ago. Net income was CNY 88.462 million compared to CNY 31.735 million a year ago. Basic earnings per share from continuing operations was CNY 0.017 compared to CNY 0.006 a year ago.
China XD Electric Co Ltd is a China-based company principally engaged in the provision of power transmission, distribution and control equipment. The Company's main business includes research and development (R&D), design, manufacturing, sales, testing, complete sets of related equipment, technical research, services and engineering contracting for power transmission, distribution and control equipment. The Company's leading products include high-voltage switches with voltage levels of 110kV and above, power transformers, converter transformers, smoothing reactors, shunt reactors, power capacitors, transformers, insulators, bushings, zinc oxide arresters, direct-current transmission converter valves, and others. The Company's products are sold to domestic and foreign markets.