Motic Xiamen Electric Group Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2021
April 26, 2021 at 10:02 am
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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 principally engaged in the research, development, production and distribution of epoxy insulation components. The Company primarily provides insulators, insulating poles, solid sealed pole pillars, as well as other insulation products used in electrical industry. The Company's products include mid voltage series, high voltage series and ultrahigh voltage series. The Company is also engaged in the research, development, production and distribution of optical microscopes, digital microscopes, microscopic image integration system products. The Company mainly provides products for ABB, Schneider, Siemens and Beijing Beikai Electric Co., Ltd, among others.
MOTIC (XIAMEN) ELECTRIC GROUP CO.,LTD 