Shenzhen Longood Intelligent Electric Co.,Ltd Reports Earnings Results for the Nine Months Ended September 30, 2020
October 29, 2020 at 07:14 pm IST
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Shenzhen Longood Intelligent Electric Co.,LTD announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,071.971 million compared to CNY 1,009.385 million a year ago. Operating income was CNY 101.632 million compared to CNY 81.189 million a year ago. Net income was CNY 86.956 million compared to CNY 75.775 million a year ago. Basic earnings per share from continuing operations was CNY 0.425 compared to CNY 0.3633 a year ago.
Shenzhen Longood Intelligent Electric Co Ltd is a company mainly engaged in research, development, production and sales of intelligent controllers for electrical appliances. The Company's products include intelligent controllers for electrical appliances, intelligent power supplies and so on. The intelligent controllers for electrical appliances are applied in household appliances, electrical tools and robots. The intelligent power supplies products include power management systems, digital inverter power supplies and plant factory management systems. The Company also provides professional lithium battery product solutions through its subsidiary, such as portable energy storage power supplies. The products are mainly used in household appliances, power tools and electric bicycles.