Fujian Raynen Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
March 19, 2020 at 04:29 am
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Fujian Raynen Technology Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 1,477.855 million compared to CNY 1,852.983 million a year ago. Operating income was CNY 24.250 million compared to CNY 132.805 million a year ago. Net income was CNY 30.122 million compared to CNY 113.525 million a year ago. Basic earnings per share from continuing operations was CNY 0.1497 compared to CNY 0.5641 a year ago.
FUJIAN RAYNEN TECHNOLOGY CO., LTD. is a China-based company principally involved in the research, development, manufacture and sales of computerized control system for knitting machines, as well as the distribution of integrated circuit (IC) products. The Company operates through two main segments. The Manufacture segment is mainly engaged in the research, development, manufacture and sales of computerized control system for knitting machines, as well as the manufacture of development tools and evaluation boards for IC products and high - pressure gas discharge lamp electronic ballast, among others. The Distribution segment is primarily engaged in the distribution of integrated circuit chips, other electronic components and industrial electrical automation products.
FUJIAN RAYNEN TECHNOLOGY CO., LTD. 
