Jiangyin Electrical Alloy Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2021
April 23, 2021 at 04:22 am EDT
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Jiangyin Electrical Alloy Co.,Ltd announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 440.282 million compared to CNY 240.852 million a year ago. Operating income was CNY 50.324 million compared to CNY 19.361 million a year ago. Net income was CNY 41.500 million compared to CNY 15.003 million a year ago. Basic earnings per share from continuing operations was CNY 0.2 compared to CNY 0.072 a year ago.
Jiangyin Electrical Alloy Co Ltd is a company mainly engaged in research, development, production and sales of copper and copper alloy products. The Company's products are comprised of electrified railway catenary series products and copper busbar series products. The electrified railway contact network products include railway contact lines and load-bearing cables, which are used in electrified railway areas, such as high-speed railways. The copper busbar series products include copper busbars and deep-processed copper parts, which are used in the fields of power generation, transmission and distribution.
JIANGYIN ELECTRICAL ALLOY CO.,LTD 
