Jiangsu Luokai Mechanical &Electrical Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 29, 2021 at 04:16 am
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Jiangsu Luokai Mechanical &Electrical Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 868.95 million compared to CNY 584.5 million a year ago. Revenue was CNY 868.95 million compared to CNY 584.5 million a year ago. Net income was CNY 50.58 million compared to CNY 47.08 million a year ago. Basic earnings per share from continuing operations was CNY 0.32 compared to CNY 0.29 a year ago. Diluted earnings per share from continuing operations was CNY 0.32 compared to CNY 0.29 a year ago.
Jiangsu Luokai Mechanical & Electrical Co., Ltd. is a China-based company principally engaged in the research, development, production and sale of key components, accessories, parts and other supporting products of transmission and distribution switch equipment. The Company's main products include low-voltage and high-voltage circuit breaker (drawing) frames, low-voltage circuit breaker operating mechanisms, high-voltage circuit breaker operating mechanisms, other high-voltage transmission and distribution equipment operating mechanisms, circuit breaker accessories and spare parts. The Company's products are mainly used in power distribution facilities of power systems. The Company distributes its products in domestic market and to overseas markets.