Lanzhou GreatWall Electrical Co., Ltd Reports Earnings Results for the Nine Months Ended September 30, 2021
October 29, 2021 at 01:25 pm IST
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Lanzhou GreatWall Electrical Co. Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 1,462.93 million compared to CNY 1,445.32 million a year ago. Revenue was CNY 1,462.93 million compared to CNY 1,445.32 million a year ago. Net loss was CNY 87.53 million compared to net income of CNY 9.93 million a year ago. Basic loss per share from continuing operations was CNY 0.1981 compared to basic earnings per share from continuing operations of CNY 0.0225 a year ago. Diluted loss per share from continuing operations was CNY 0.1981 compared to diluted earnings per share from continuing operations of CNY 0.0225 a year ago.
Lanzhou Greatwall Electrical Co Ltd is a China-based company primarily engaged in the development and research, manufacturing and sales of electrical products. The Company operates through five segments. The Medium and High Voltage Switchgear segment mainly engages in the production of medium and high voltage switchgear equipment and electrical component products including contactors and circuit breakers. The Low Voltage Control Devices segment mainly engages in the production of low voltage control devices and electrical component products including contactors and circuit breakers. The Automation Device Systems segment mainly engages in the production of industrial automation devices. The Management segment engages in hydropower operation and management services. The Other segment engages in bulk material purchase and sale, fruit juice processing, logistics and other businesses. The Company conducts its businesses within domestic market and overseas markets.