Shenzhen Riland Industry Group Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2021
April 26, 2021 at 06:41 am EDT
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Shenzhen Riland Industry Group Co. Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 206.461 million compared to CNY 52.680 million a year ago. Operating income was CNY 36.028 million compared to CNY 16.928 million a year ago. Net income was CNY 32.924 million compared to CNY 14.555 million a year ago. Basic earnings per share from continuing operations was CNY 0.07 compared to CNY 0.03 a year ago.
Shenzhen Riland Industry Group Co Ltd, formerly Shenzhen Riland Industry Co Ltd, is a China-based company principally engaged in the research, development, manufacture and sales of inverter welding equipment, welding automation products and welding accessories, as well as the provision of related services. Its inverter welding equipment includes inverter direct current manual arc welding machines, inverter argon arc welding machines, inverter semi-automatic gas shielded welding machines and inverter plasma cutting machines. Its welding automation products include welding carriages, digital welding equipment, efficient welding systems and robotic welding system integration. Its welding accessories include welding and cutting accessories and welding protection products. The Company distributes its products in the domestic market and to overseas markets.