Yonggao Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 26, 2021 at 08:30 pm IST
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Yonggao Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 1,581.003 million compared to CNY 847.444 million a year ago. Operating income was CNY 90.479 million compared to CNY 45.211 million a year ago. Net income was CNY 75.076 million compared to CNY 37.855 million a year ago. Basic earnings per share from continuing operations was CNY 0.06 compared to CNY 0.03 a year ago.
Era Co Ltd, formerly Yonggao Co Ltd, is a China-based company mainly engaged in the manufacture of plastic pipes. The Company operates in three segments. Plastic Pipe segment is mainly engaged in the research and development, production and sales of polyvinyl chloride (PVC), polyethylene (PE) and random copolymer polypropylene (PP-R) plastic pipes. Electrical Switches segment is mainly engaged in the development and production of electrical switches and other home appliances. Solar Energy segment is mainly engaged in the research and development, production and sales of photovoltaic energy-saving products such as solar cell modules and photovoltaic power generation systems. The Company's products are mainly used for water supply, drainage, municipal engineering water supply, drainage and sewage, photovoltaic power generation, smart home and so on.
ERA CO., LTD. 
