Xiamen Faratronic Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 11:31 pm IST
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Xiamen Faratronic Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 345.682 million compared to CNY 380.972 million a year ago. Operating income was CNY 112.813 million compared to CNY 118.575 million a year ago. Net income was CNY 92.896 million compared to CNY 98.797 million a year ago. Basic earnings per share from continuing operations was CNY 0.413 compared to CNY 0.439 a year ago.
XIAMEN FARATRONIC CO., LTD is a China-based company, principally engaged in the manufacture and distribution of electronic basic components. The Company's main products are thin film capacitors. Its thin film capacitors are applied in electronics, home appliances, communication, electricity, industrial control, lighting, new energy (including photovoltaic, wind and automotive) and other industries. The Company also provides transformers and metallized film. The Company distributes its products within domestic market and to overseas markets.
XIAMEN FARATRONIC CO., LTD. 
