Hangzhou Weiguang Electronic Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 22, 2021 at 02:12 pm IST
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Hangzhou Weiguang Electronic Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 798.194 million compared to CNY 794.243 million a year ago. Operating income was CNY 223.831 million compared to CNY 189.285 million a year ago. Net income was CNY 193.443 million compared to CNY 165.307 million a year ago. Basic earnings per share from continuing operations was CNY 1.26 compared to CNY 1.08 a year ago.
HANGZHOU WEIGUANG ELECTRONIC CO.,LTD. is a China-based company principally engaged in the development, manufacture and sales of micro-motors and draught fans. The main products of the Company include cooler motors, outer-rotor blowers and Electronically Commutated Motors (ECMs). The Companyâs products are mainly applied in Heating, Ventilation and Air Conditioning (HVAC), freezers, industrial cooling machines, industrial air conditioners, cold driers, fresh air systems and air purifiers, among others. The Company distributes its products in domestic market and to overseas markets.