Yuan Cheng Cable Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 30, 2020 at 09:15 am
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Yuan Cheng Cable Co.,Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 1,116.356 million compared to CNY 1,280.674 million a year ago. Operating income was CNY 11.579 million compared to CNY 53.897 million a year ago. Net income was CNY 9.438 million compared to CNY 44.315 million a year ago. Basic earnings per share from continuing operations was CNY 0.0131 compared to CNY 0.0617 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. 
