Lanzhou Greatwall Electrical Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2021
April 26, 2021 at 09:00 am
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Lanzhou GreatWall Electrical Co. Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 423.816 million compared to CNY 393.522 million a year ago. Operating loss was CNY 7.861 million compared to operating Income of CNY 4.882 million a year ago. Net loss was CNY 5.908 million compared to net income of CNY 1.777 million a year ago. Basic loss per share from continuing operations was CNY 0.0134 compared to basic earnings per share from continuing operations of CNY 0.004 a year ago.
Lanzhou Greatwall Electrical Co Ltd is a China-based company primarily engaged in the development and research, manufacturing and sales of electrical products. The Company operates through five segments. The Medium and High Voltage Switchgear segment mainly engages in the production of medium and high voltage switchgear equipment and electrical component products including contactors and circuit breakers. The Low Voltage Control Devices segment mainly engages in the production of low voltage control devices and electrical component products including contactors and circuit breakers. The Automation Device Systems segment mainly engages in the production of industrial automation devices. The Management segment engages in hydropower operation and management services. The Other segment engages in bulk material purchase and sale, fruit juice processing, logistics and other businesses. The Company conducts its businesses within domestic market and overseas markets.