Fujian Raynen Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 04:36 am
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Fujian Raynen Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 481.808 million compared to CNY 297.030 million a year ago. Operating income was CNY 30.751 million compared to CNY 764,457.83 a year ago. Net income was CNY 28.048 million compared to CNY 779,646.09 a year ago. Basic earnings per share from continuing operations was CNY 0.1394 compared to CNY 0.0039 a year ago.
FUJIAN RAYNEN TECHNOLOGY CO., LTD. is a China-based company principally involved in the research, development, manufacture and sales of computerized control system for knitting machines, as well as the distribution of integrated circuit (IC) products. The Company operates through two main segments. The Manufacture segment is mainly engaged in the research, development, manufacture and sales of computerized control system for knitting machines, as well as the manufacture of development tools and evaluation boards for IC products and high - pressure gas discharge lamp electronic ballast, among others. The Distribution segment is primarily engaged in the distribution of integrated circuit chips, other electronic components and industrial electrical automation products.