Suzhou Secote Precision Electronic Co.,Ltd Reports Earnings Results for the Nine Months Ended September 30, 2020
October 26, 2020 at 10:02 am
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Suzhou Secote Precision Electronic Co.,LTD announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,217.974 million compared to CNY 748.535 million a year ago. Operating income was CNY 168.279 million compared to CNY 105.563 million a year ago. Net income was CNY 149.357 million compared to CNY 90.408 million a year ago. Basic earnings per share from continuing operations was CNY 0.85 compared to CNY 0.55 a year ago. Diluted earnings per share from continuing operations was CNY 0.84 compared to CNY 0.55 a year ago.
Suzhou Secote Precision Electronic Co Ltd is a company engaged in research and development, design, production and sales of intelligent manufacturing equipment and provision of related technical services. The Company's products are mainly comprised of automated equipment, fixtures and jigs, including small size tag labeling machines, bearing pressing equipment, automatic footwear glue pressing machines and so on. The products are used in a range of areas, including the new energy vehicle, semiconductor, lithium battery and consumer electronic, such as smartphones, tablets and laptops.
SUZHOU SECOTE PRECISION ELECTRONIC CO.,LTD 
