China Xd Electric Co., Ltd Reports Earnings Results for the Half Year Ended June 30, 2021
August 26, 2021 at 04:28 am
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China XD Electric Co. Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was CNY 7,575.295 million compared to CNY 6,029.721 million a year ago. Operating income was CNY 296.705 million compared to CNY 181.681 million a year ago. Net income was CNY 243.307 million compared to CNY 117.644 million a year ago. Basic earnings per share from continuing operations was CNY 0.05 compared to CNY 0.02 a year ago.
China XD Electric Co Ltd is a China-based company principally engaged in the provision of power transmission, distribution and control equipment. The Company's main business includes research and development (R&D), design, manufacturing, sales, testing, complete sets of related equipment, technical research, services and engineering contracting for power transmission, distribution and control equipment. The Company's leading products include high-voltage switches with voltage levels of 110kV and above, power transformers, converter transformers, smoothing reactors, shunt reactors, power capacitors, transformers, insulators, bushings, zinc oxide arresters, direct-current transmission converter valves, and others. The Company's products are sold to domestic and foreign markets.