Zhejiang Meida Industrial Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 22, 2020 at 06:54 am
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Zhejiang Meida Industrial Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 111.923 million compared to CNY 289.564 million a year ago. Operating income was CNY 24.568 million compared to CNY 88.049 million a year ago. Net income was CNY 20.318 million compared to CNY 75.347 million a year ago. Basic earnings per share from continuing operations was CNY 0.03 compared to CNY 0.12 a year ago.
Zhejiang Meida Industrial Co., Ltd. is a China-based company principally engaged in the research, development, manufacture and sale of integrated stove products. The Company's main products are the integrated stoves under the brand name of Meida, which combines fumes exhausting, cooking, steaming and disinfection and other functions in one. The Company's products are mainly used in home kitchens and the cooking places of apartments, armies, schools and hospitals. The Company distributes its products in domestic market.
ZHEJIANG MEIDA INDUSTRIAL CO., LTD. 
