Jiangsu Shemar Electric Co.,Ltd Reports Earnings Results for the Half Year Ended June 30, 2020
August 11, 2020 at 01:08 pm IST
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Jiangsu Shemar Electric Co.,Ltd announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 286.839 million compared to CNY 302.131 million a year ago. Operating income was CNY 77.778 million compared to CNY 69.594 million a year ago. Net income was CNY 64.733 million compared to CNY 58.939 million a year ago. Basic earnings per share from continuing operations was CNY 0.16 compared to CNY 0.16 a year ago.
Jiangsu Shemar Electric Co., Ltd. is a China-based company mainly engaged in research, development, manufacturing and sales of composite external insulation of power system substation, composite external insulation of transmission and distribution lines and rubber seals. Substation composite external insulation products mainly include substation composite insulators, transformer composite bushings and switch composite bushings. Composite external insulation products of transmission and distribution lines mainly include line composite insulators and composite cross-arms. Through in-depth research on the sealing structure of electrical equipment, the material of seals and the installation process of seals, the company has developed an integrated sealing solution for electrical equipment. The Company operates its businesses in both domestic and overseas markets.
JIANGSU SHEMAR ELECTRIC CO.,LTD 
