Wetown Electric Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 25, 2022 at 08:30 am
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Wetown Electric Group Co., Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 1,224.91 million compared to CNY 926.89 million a year ago. Revenue was CNY 1,254.05 million compared to CNY 948.03 million a year ago. Net income was CNY 59.78 million compared to CNY 47.48 million a year ago. Basic earnings per share from continuing operations was CNY 0.44 compared to CNY 0.41 a year ago. Diluted earnings per share from continuing operations was CNY 0.44 compared to CNY 0.41 a year ago.
Wetown Electric Group Co Ltd is a China-based company mainly engaged in the research and development, manufacture and sales of busbar products. The Company's products include low-voltage busbars, high-voltage busbars, tin-coated copper strips, medium and low voltage complete sets of equipment, copper and aluminum products, and others. The Company's products are mainly applied in electric power, electronics, automobile manufacturing, rail transit, data centers, metallurgical chemicals, commercial real estate, new energy and other industries.