Fujian Raynen Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2019
October 29, 2019 at 06:10 am EDT
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Fujian Raynen Technology Co., Ltd. announced earnings results for the nine months ended September 30, 2019. For the nine months, the company announced sales was CNY 1,098.761 million compared to CNY 1,483.777 million a year ago. Operating income was CNY 33.030 million compared to CNY 122.225 million a year ago. Net income was CNY 36.263 million compared to CNY 104.411 million a year ago. Basic earnings per share from continuing operations was CNY 0.1802 compared to CNY 0.5189 a year ago.
FUJIAN RAYNEN TECHNOLOGY CO., LTD. is a China-based company principally involved in the research, development, manufacture and sales of computerized control system for knitting machines, as well as the distribution of integrated circuit (IC) products. The Company operates through two main segments. The Manufacture segment is mainly engaged in the research, development, manufacture and sales of computerized control system for knitting machines, as well as the manufacture of development tools and evaluation boards for IC products and high - pressure gas discharge lamp electronic ballast, among others. The Distribution segment is primarily engaged in the distribution of integrated circuit chips, other electronic components and industrial electrical automation products.
FUJIAN RAYNEN TECHNOLOGY CO., LTD. 
