China XD Electric Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 14, 2022 at 08:23 am EDT
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China XD Electric Co., Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 3,838.01 million compared to CNY 3,104.82 million a year ago. Revenue was CNY 3,887.83 million compared to CNY 3,157.41 million a year ago. Net income was CNY 130.56 million compared to CNY 88.46 million a year ago. Basic earnings per share from continuing operations was CNY 0.0255 compared to CNY 0.017 a year ago.
CHINA XD ELECTRIC CO., LTD. is a China-based company principally engaged in the design, research, development, manufacture and distribution of power transmission, distribution and control equipments. The Companyâs primary products include switches, transformers, electric reactors, insulators, lightening conductors, capacitors, as well as electrical and electronic products. The Company is also involved in related engineering, trading, research, development and testing businesses. It operates its businesses mainly in domestic and overseas markets.