Hangzhou Weiguang Electronic Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 04:32 am EDT
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Hangzhou Weiguang Electronic Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 229.925 million compared to CNY 169.312 million a year ago. Operating income was CNY 46.391 million compared to CNY 50.261 million a year ago. Net income was CNY 40.110 million compared to CNY 43.006 million a year ago. Basic earnings per share from continuing operations was CNY 0.26 compared to CNY 0.28 a year ago.
HANGZHOU WEIGUANG ELECTRONIC CO.,LTD. is a China-based company principally engaged in the development, manufacture and sales of micro-motors and draught fans. The main products of the Company include cooler motors, outer-rotor blowers and Electronically Commutated Motors (ECMs). The Companyâs products are mainly applied in Heating, Ventilation and Air Conditioning (HVAC), freezers, industrial cooling machines, industrial air conditioners, cold driers, fresh air systems and air purifiers, among others. The Company distributes its products in domestic market and to overseas markets.
HANGZHOU WEIGUANG ELECTRONIC CO.,LTD. 
