Sineng Electric Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 29, 2020 at 02:40 pm IST
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Sineng Electric Co.,Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 631.441 million compared to CNY 601.085 million a year ago. Operating income was CNY 52.730 million compared to CNY 56.019 million a year ago. Net income was CNY 55.584 million compared to CNY 51.373 million a year ago. Basic earnings per share from continuing operations was CNY 0.85 compared to CNY 0.89 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. 
