Yuan Cheng Cable Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2019
October 23, 2019 at 08:04 am
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Yuan Cheng Cable Co.,Ltd. announced earnings results for the nine months ended September 30, 2019. For the nine months, the company announced sales was CNY 2,215.323 million compared to CNY 2,231.649 million a year ago. Operating income was CNY 76.826 million compared to CNY 45.413 million a year ago. Net loss was CNY 71.938 million compared to net income of CNY 35.643 million a year ago. Basic loss per share from continuing operations was CNY 0.1002 compared to basic earnings per share from continuing operations of CNY 0.0496 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. 
