Jiangsu Luokai Mechanical &Electrical Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 25, 2020 at 02:43 am IST
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Jiangsu Luokai Mechanical &Electrical Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 90.322 million compared to CNY 98.136 million a year ago. Operating income was CNY 3.152 million compared to CNY 10.347 million a year ago. Net income was CNY 2.052 million compared to CNY 8.527 million a year ago. Basic earnings per share from continuing operations was CNY 0.01 compared to CNY 0.05 a year ago.
Jiangsu Luokai Mechanical & Electrical Co., Ltd. is a China-based company principally engaged in the research, development, production and sale of key components, accessories, parts and other supporting products of transmission and distribution switch equipment. The Company's main products include low-voltage and high-voltage circuit breaker (drawing) frames, low-voltage circuit breaker operating mechanisms, high-voltage circuit breaker operating mechanisms, other high-voltage transmission and distribution equipment operating mechanisms, circuit breaker accessories and spare parts. The Company's products are mainly used in power distribution facilities of power systems. The Company distributes its products in domestic market and to overseas markets.
JIANGSU LUOKAI MECHANICAL &ELECTRICAL CO., LTD. 
