Guangdong Rifeng Electric Cable Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 27, 2020 at 12:36 pm
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GuangDong Rifeng Electric Cable Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,148.161 million compared to CNY 1,130.039 million a year ago. Operating income was CNY 90.498 million compared to CNY 85.973 million a year ago. Net income was CNY 81.137 million compared to CNY 85.490 million a year ago. Basic earnings per share from continuing operations was CNY 0.47 compared to CNY 0.58 a year ago.
GuangDong Rifeng Electric Cable Co., Ltd. is a China-based company that independently develops and manufactures rubber sheathed wire and cable. The Company is mainly engaged in the research, development, production and sales of electrical equipment and special equipment supporting cables. The products mainly include four categories: air conditioning cable components, small household appliance wiring components, special equipment cables and other cables, and widely used in household appliances, robots, wind power, marine engineering, port machinery, construction machinery, shipbuilding, power tools, instrumentation, automotive, lighting, outdoor equipment and other fields. The Company distributes its products in domestic market and to overseas markets.