Kangping Technology Suzhou Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
August 26, 2021 at 06:33 pm IST
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Kangping Technology Suzhou Co., Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was CNY 634.276 million compared to CNY 325.262 million a year ago. Operating income was CNY 28.422 million compared to CNY 29.762 million a year ago. Net income was CNY 28.491 million compared to CNY 26.301 million a year ago. Basic earnings per share from continuing operations was CNY 0.2968 compared to CNY 0.3653 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. 
