North Electro-Optic Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 28, 2020 at 07:56 am
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North Electro-Optic Co.,Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,105.889 million compared to CNY 922.774 million a year ago. Operating income was CNY 51.136 million compared to CNY 44.528 million a year ago. Net income was CNY 41.468 million compared to CNY 46.069 million a year ago. Basic earnings per share from continuing operations was CNY 0.08 compared to CNY 0.09 a year ago.
North Electro-Optic Co., Ltd. is a China-based company principally engaged in the research and development, design, manufacture and distribution of optoelectronic defense products. The Company is also engaged in the manufacture and sales of optoelectronic materials and components. Its defense products include large-scale weapon systems, precision guidance seekers and optoelectronic information equipment. Its optoelectronic materials and components include optical materials (including ordinary optical materials, low-melting optical materials, infrared materials, laser materials and glass-ceramics), photoelectric materials, components, jewelry glass materials, special materials and optical accessories. The Company distributes its products within domestic market and to overseas markets.
NORTH ELECTRO-OPTIC CO.,LTD. 
