Ningbo Kbe Electrical Technology Co.,Ltd. Reports Earnings Results for the Fourth Quarter Ended March 31, 2021
April 26, 2021 at 10:28 am EDT
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Ningbo KBE Electrical Technology Co.,Ltd. announced earnings results for the fourth quarter ended March 31, 2021. For the fourth quarter, the company announced sales was CNY 438.222 million compared to CNY 147.234 million a year ago. Operating income was CNY 13.761 million compared to CNY 11.876 million a year ago. Net income was CNY 12.032 million compared to CNY 9.797 million a year ago. Basic earnings per share from continuing operations was CNY 0.22 compared to CNY 0.24 a year ago. For the full year, sales was CNY 1,263.873 million compared to CNY 913.121 million a year ago. Operating income was CNY 58.525 million compared to CNY 62.872 million a year ago. Net income was CNY 52.905 million compared to CNY 60.349 million a year ago. Basic earnings per share from continuing operations was CNY 1.15 compared to CNY 1.46 a year ago.
Ningbo KBE Electrical Technology Co Ltd is a China-based company mainly engaged in the research and development, production and sales of automotive cables. The Company's main products include conventional cables and special cables. Conventional cables include polyvinyl chloride (PVC) low-voltage cables and cross-linked high-temperature cables. Special cables include aluminum cables, paired-pair cables, shielded cables, new energy cables, multi-core sheathed cables, silicone rubber cables, coaxial cables, data transmission cables and charging cables. The Company mainly conducts its businesses within the domestic market.