Jiangsu Luokai Mechanical &Electrical Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2019
October 30, 2019 at 01:04 pm
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Jiangsu Luokai Mechanical &Electrical Co., Ltd. announced earnings results for the nine months ended September 30, 2019. For the nine months, the company announced sales was CNY 418.692 million compared to CNY 391.973 million a year ago. Operating income was CNY 27.715 million compared to CNY 37.613 million a year ago. Net income was CNY 23.667 million compared to CNY 33.612 million a year ago. Basic earnings per share from continuing operations was CNY 0.15 compared to CNY 0.21 a year ago.
Jiangsu Luokai Mechanical & Electrical Co., Ltd. is a China-based company principally engaged in the research, development, production and sale of key components, accessories, parts and other supporting products of transmission and distribution switch equipment. The Company's main products include low-voltage and high-voltage circuit breaker (drawing) frames, low-voltage circuit breaker operating mechanisms, high-voltage circuit breaker operating mechanisms, other high-voltage transmission and distribution equipment operating mechanisms, circuit breaker accessories and spare parts. The Company's products are mainly used in power distribution facilities of power systems. The Company distributes its products in domestic market and to overseas markets.
JIANGSU LUOKAI MECHANICAL &ELECTRICAL CO., LTD. 
