Motic Xiamen Electric Group Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2021
April 26, 2021 at 10:02 am EDT
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Motic Xiamen Electric Group Co.,Ltd announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 289.716 million compared to CNY 192.810 million a year ago. Operating income was CNY 46.618 million compared to CNY 14.701 million a year ago. Net income was CNY 35.164 million compared to CNY 12.934 million a year ago. Basic earnings per share from continuing operations was CNY 0.0689 compared to CNY 0.0254 a year ago.
Motic Xiamen Electric Group Co Ltd is a China-based company principally engaged in the digital medical, smart optics, and smart electrical businesses. The Company operates three segments. The Electrical Business segment mainly produces and sells insulation products and other related components for the power transmission and transformation industry and is engaged in the technology research and development and operation of the energy Internet. Its main products include three-phase or single-phase basin insulators, insulating tie rods, sealed terminals, Solid-sealed poles, bushings, pillar insulators and insulating devices for maglev and electrified railways. The Optical Business segment mainly produces and sells instruments, meters, electronic products, optical, mechanical, and electrical integration products, microscope system integration and other products. The Medical Business segment mainly produces and sells medical testing products and provides medical diagnostic services.