Yuan Cheng Cable Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 23, 2020 at 04:39 am
Share
Yuan Cheng Cable Co.,Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 2,792.995 million compared to CNY 3,000.003 million a year ago. Operating income was CNY 10.878 million compared to CNY 13.004 million a year ago. Net income was CNY 8.481 million compared to net loss of CNY 410.930 million a year ago. Basic earnings per share from continuing operations was CNY 0.0118 compared to basic loss per share from continuing operations of CNY 0.5722 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. 
