Shanghai Morn Electric Equipment Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 25, 2021 at 04:22 am EDT
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Shanghai Morn Electric Equipment Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 833.34 million compared to CNY 275.21 million a year ago. Revenue was CNY 833.34 million compared to CNY 275.21 million a year ago. Net income was CNY 8.2 million compared to net loss of CNY 11.94 million a year ago. Basic earnings per share from continuing operations was CNY 0.0187 compared to basic loss per share from continuing operations of CNY 0.0272 a year ago. Diluted earnings per share from continuing operations was CNY 0.0187 compared to diluted loss per share from continuing operations of CNY 0.0272 a year ago.
Shanghai Morn Electric Equipment Co., Ltd. is a China-based company principally involved in the research, development, manufacture and sales of electric wires and cables. The Company operates through two main segments. The Electric Cables segment is mainly engaged in the research, development, manufacture and sales of power cables, wires and cables for electrical equipment, bare wire and bare conductors, communication cables and optical cables and others. The Quasi Finance segment is mainly engaged in the financial leasing activities and commercial factoring activities.
SHANGHAI MORN ELECTRIC EQUIPMENT CO., LTD. 
