Qingdao Tgood Electric Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 22, 2021 at 06:34 pm IST
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Qingdao TGOOD Electric Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 7,420.617 million compared to CNY 6,739.086 million a year ago. Operating income was CNY 135.762 million compared to CNY 272.537 million a year ago. Net income was CNY 173.048 million compared to CNY 270.210 million a year ago. Basic earnings per share from continuing operations was CNY 0.17 compared to CNY 0.27 a year ago.
Qingdao TGOOD Electric Co., Ltd. is a China-based company principally engaged in the research, development, design, manufacture and sale of unit power transformation and distribution products. The Companyâs main products include outdoor box electrical power equipment and indoor switch cabinets. The Company's products are mainly applied in railway, electrical power and coal industries. The Company is also involved in photovoltaic power generation project Engineering Procurement Construction (EPC), the manufacture and sale of new energy vehicle charging and replacement equipment and related products, the construction and operation of new energy vehicle charging stations, finance leasing and solid heat storage businesses.