Yuan Cheng Cable Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 19, 2021 at 07:29 am
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Yuan Cheng Cable Co.,Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 606.491 million compared to CNY 315.658 million a year ago. Operating income was CNY 1.164 million compared to operating loss of CNY 49.169 million a year ago. Net income was CNY 603,071.91 compared to net loss of CNY 42.242 million a year ago. Basic earnings per share from continuing operations was CNY 0.0008 compared to basic loss per share from continuing operations of CNY 0.0588 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. 
