China XD Electric Co., Ltd Reports Earnings Results for the Nine Months Ended September 30, 2021
October 28, 2021 at 03:47 am EDT
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China XD Electric Co., Ltd reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 12,019.99 million compared to CNY 9,449.03 million a year ago. Revenue was CNY 12,174.93 million compared to CNY 9,587.22 million a year ago. Net income was CNY 328.22 million compared to CNY 202.44 million a year ago. Basic earnings per share from continuing operations was CNY 0.06 compared to CNY 0.04 a year ago.
China XD Electric Co Ltd is a China-based company principally engaged in the provision of power transmission, distribution and control equipment. The Company's main business includes research and development (R&D), design, manufacturing, sales, testing, complete sets of related equipment, technical research, services and engineering contracting for power transmission, distribution and control equipment. The Company's leading products include high-voltage switches with voltage levels of 110kV and above, power transformers, converter transformers, smoothing reactors, shunt reactors, power capacitors, transformers, insulators, bushings, zinc oxide arresters, direct-current transmission converter valves, and others. The Company's products are sold to domestic and foreign markets.