Shanghai Liangxin Electrical Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 23, 2021 at 01:16 pm IST
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Shanghai Liangxin Electrical Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 718.290 million compared to CNY 446.887 million a year ago. Operating income was CNY 74.346 million compared to CNY 54.044 million a year ago. Net income was CNY 64.033 million compared to CNY 45.498 million a year ago. Basic earnings per share from continuing operations was CNY 0.083 compared to CNY 0.058 a year ago. Diluted earnings per share from continuing operations was CNY 0.082 compared to CNY 0.058 a year ago.
Shanghai Liangxin Electrical Co., LTD. is a China-based company principally engaged in the research, development, production and sale of low voltage electrical systems. The Company's main products include terminal appliances, distribution appliances and control appliances. The Company's products are mainly used in telecommunications, construction, new energy, power, machine tool, lifting, petrochemical, metallurgy, rail and rail transportation industries. The Company distributes its products in domestic market.
SHANGHAI LIANGXIN ELECTRICAL CO.,LTD. 
