Gongniu Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 11:38 pm IST
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Gongniu Group Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 2,574.274 million compared to CNY 1,379.759 million a year ago. Operating income was CNY 733.186 million compared to CNY 209.585 million a year ago. Net income was CNY 606.926 million compared to CNY 170.402 million a year ago. Basic earnings per share from continuing operations was CNY 1.01 compared to CNY 0.29 a year ago.
Goneo Group Co Ltd is a China-based company principally involved in the research and development, manufacture and sales of civilian electrical products. The Company's main products include power connection and power extension products including converters, wall switch sockets, Light Emitting Diode (LED) lighting and digital accessories which are used in home and office. The Company also provides products such as circuit breakers, bottom boxes, wireless doorbells, electrical tapes and reels. The Company distributes its products in domestic market and to overseas markets.
GONGNIU GROUP CO.,LTD. 
