Yuan Cheng Cable Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 27, 2020 at 02:55 pm
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Yuan Cheng Cable Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 315.658 million compared to CNY 505.632 million a year ago. Operating loss was CNY 49.169 million compared to operating Income of CNY 17.462 million a year ago. Net loss was CNY 42.242 million compared to net income of CNY 15.036 million a year ago. Basic loss per share from continuing operations was CNY 0.0588 compared to basic earnings per share from continuing operations of CNY 0.0209 a year ago.
Yuan Cheng Cable Co., Ltd., formerly Recon Wenyuan Cable Co.,Ltd., is principally involved in the design, research, development, production and distribution of wires and cables. The Company mainly provides wires and cables, special cables, bare wires, as well as wires and cables for electric equipment. Its special cables mainly include mineral insulation cables, nuclear level cables, branch cables and photoelectric combined cables. Its wires and cables for electric equipment include polyvinyl chloride insulated and sheathed control cables, among others. The Company's products are mainly applied in the electric power, transportation, airport, metallurgy, construction, machinery and other industries.
YUAN CHENG CABLE CO.,LTD. 
