Sineng Electric Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 26, 2020 at 06:00 pm IST
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Sineng Electric Co.,Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 252.045 million compared to CNY 374.660 million a year ago. Operating income was CNY 25.545 million compared to CNY 32.350 million a year ago. Net income was CNY 30.358 million compared to CNY 31.061 million a year ago. Basic earnings per share from continuing operations was CNY 0.4731 compared to CNY 0.5648 a year ago.
Sineng Electric Co Ltd is a China-based company mainly engaged in the research, development, manufacturing and sales of power electronic equipment. The Company focuses on power electronic conversion technology and uses power electronic conversion technology to provide solutions for photovoltaic power generation, electrochemical energy storage access to the power grid, and power quality management. The Company's main products include photovoltaic inverter (PV Inverter), power conversion system (PCS) and active power filter (APF), static var generator (SVG), smart power quality correct device (SPC) and other products. The Company distributes its products within domestic market and to overseas markets.
SINENG ELECTRIC CO.,LTD. 
