Qingdao Tgood Electric Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 28, 2020 at 06:23 pm IST
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Qingdao TGOOD Electric Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 4,615.979 million compared to CNY 4,003.649 million a year ago. Operating income was CNY 48.605 million compared to CNY 121.218 million a year ago. Net income was CNY 119.173 million compared to CNY 155.307 million a year ago. Basic earnings per share from continuing operations was CNY 0.12 compared to CNY 0.15 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.