Shanghai Weihong Electronic Technology Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 20, 2020 at 04:58 pm IST
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Shanghai Weihong Electronic Technology Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 84.598 million compared to CNY 99.598 million a year ago. Operating loss was CNY 2.791 million compared to operating Income of CNY 28.545 million a year ago. Net loss was CNY 4.962 million compared to net income of CNY 31.437 million a year ago. Basic loss per share from continuing operations was CNY 0.0546 compared to basic earnings per share from continuing operations of CNY 0.3458 a year ago.
Shanghai Weihong Electronic Technology Co., Ltd. is a China-based company engaged in the research and development, manufacture and sale of industrial motion control system. The Company's motion control system include engraving and milling control system, cutting control systems and manipulator control systems, among others, which are used in engraving machine, engraving and milling machine, processing center, water jet cutting machine, laser cutting machine, plasma cutting machine, flame cutting machine, glass processing machine tool and industrial manipulator, among others.
SHANGHAI WEIHONG ELECTRONIC TECHNOLOGY CO., LTD. 
