Kangping Technology Suzhou Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 09, 2021 at 05:55 pm IST
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Kangping Technology Suzhou Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 834.616 million compared to CNY 606.402 million a year ago. Operating income was CNY 66.781 million compared to CNY 56.731 million a year ago. Net income was CNY 60.155 million compared to CNY 51.194 million a year ago. Basic earnings per share from continuing operations was CNY 0.8355 compared to CNY 0.711 a year ago.
Kangping Technology Suzhou Co Ltd is a China-based company mainly engaged in the research and development, design, production and sales of electric tool motors, power tool complete machines and related parts. The Companyâs products are divided into three categories: motors for power tools mainly include alternating current (AC) and direct current (DC) motors, DC brushed motors, DC brushless motors, etc., as well as various motors in household appliances; power tools mainly include handheld, such as pistol drills, angle grinders, portable, such as table saws, garden tools, such as blowers, etc.; other parts of power tools include motor shafts and other machined products and power tool housings and other injection molded parts. Its products are mainly used in the fields of handheld power tools and garden tools. The Company conducts its businesses within the China market and to overseas markets such as the Americas and Europe.
KANGPING TECHNOLOGY (SUZHOU) CO., LTD. 
