Fujian Raynen Technology Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 27, 2020 at 02:04 pm IST
Share
Fujian Raynen Technology Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 672.090 million compared to CNY 762.231 million a year ago. Operating income was CNY 13.208 million compared to CNY 30.174 million a year ago. Net income was CNY 14.249 million compared to CNY 30.122 million a year ago. Basic earnings per share from continuing operations was CNY 0.0708 compared to CNY 0.1497 a year ago.
FUJIAN RAYNEN TECHNOLOGY CO., LTD. is a China-based company principally involved in the research, development, manufacture and sales of computerized control system for knitting machines, as well as the distribution of integrated circuit (IC) products. The Company operates through two main segments. The Manufacture segment is mainly engaged in the research, development, manufacture and sales of computerized control system for knitting machines, as well as the manufacture of development tools and evaluation boards for IC products and high - pressure gas discharge lamp electronic ballast, among others. The Distribution segment is primarily engaged in the distribution of integrated circuit chips, other electronic components and industrial electrical automation products.