Yuan Cheng Cable Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2019
August 29, 2019 at 08:27 pm
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Yuan Cheng Cable Co.,Ltd. announced earnings results for the half year ended June 30, 2019. For the half year, the company announced sales was CNY 1,280.674 million compared to CNY 1,405.644 million a year ago. Operating income was CNY 53.897 million compared to CNY 41.839 million a year ago. Net income was CNY 44.315 million compared to CNY 34.097 million a year ago. Basic earnings per share from continuing operations was CNY 0.0617 compared to CNY 0.0475 a year ago. Sales was CNY 1,015.663 million compared to CNY 1,014.455 million a year ago. Operating income was CNY 77.350 million compared to CNY 119.670 million a year ago. Net income was CNY 55.196 million compared to CNY 87.306 million a year ago. Basic earnings per share from continuing operations was CNY 0.21 compared to CNY 0.32 a year ago.
Yuan Cheng Cable Co., Ltd., formerly Recon Wenyuan Cable Co.,Ltd., is principally involved in the design, research, development, production and distribution of wires and cables. The Company mainly provides wires and cables, special cables, bare wires, as well as wires and cables for electric equipment. Its special cables mainly include mineral insulation cables, nuclear level cables, branch cables and photoelectric combined cables. Its wires and cables for electric equipment include polyvinyl chloride insulated and sheathed control cables, among others. The Company's products are mainly applied in the electric power, transportation, airport, metallurgy, construction, machinery and other industries.
YUAN CHENG CABLE CO.,LTD. 
