Shaanxi Baoguang Vacuum Electric Device Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 02:01 pm EDT
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Shaanxi Baoguang Vacuum Electric Device Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 169.234 million compared to CNY 201.989 million a year ago. Operating income was CNY 4.882 million compared to CNY 5.545 million a year ago. Net income was CNY 3.634 million compared to CNY 4.296 million a year ago. Basic earnings per share from continuing operations was CNY 0.011 compared to CNY 0.0182 a year ago.
Shaanxi Baoguang Vacuum Electric Device Co Ltd, formerly Shaanxi Baoguang Vacuum Electronic Apparatus Co Ltd, is a China-based company mainly engaged in the research and development, manufacturing and sales of vacuum interrupter products. The Company is mainly engaged in five businesses. The electronic device business is engaged in the production of electric vacuum devices such as vacuum interrupters, solid-sealed poles, phase columns and solar collector tubes. The electrical accessories business is engaged in the production of operating mechanisms, other electrical accessories, arc interrupter spare parts and other products. The electronic ceramics business is engaged in the production of electric vacuum ceramics. The international business is engaged in the export of vacuum interrupters, solid-sealed pole products, metallized porcelain shells and electrical accessories. The new energy business is engaged in the business of energy storage, hydrogen energy and solar collector tubes.