Shijiazhuang Kelin Electric Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 22, 2020 at 06:35 pm IST
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Shijiazhuang Kelin Electric Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 892.949 million compared to CNY 814.607 million a year ago. Operating income was CNY 71.831 million compared to CNY 49.910 million a year ago. Net income was CNY 59.141 million compared to CNY 42.836 million a year ago. Basic earnings per share from continuing operations was CNY 0.36 compared to CNY 0.27 a year ago. Diluted earnings per share from continuing operations was CNY 0.36 compared to CNY 0.26 a year ago.
Shijiazhuang Kelin Electric Co., Ltd. is a China-based company principally engaged in intelligent grid business. The Company operates through two main segments. The Main Business segment is primarily involved in the research, manufacture and sales of electricity substation, electricity distribution and electricity utility equipment for intelligent grid, high-low voltage switchgears and equipment, photovoltaic distributed generation equipment and other equipment. The Other Business segment is mainly involved in the provision of technical services, disposition of industrial waste and building rental, among others.