Ningbo Water Meter Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 26, 2021 at 05:23 am EDT
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Ningbo Water Meter Group Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 282.532 million compared to CNY 236.391 million a year ago. Operating income was CNY 36.982 million compared to CNY 35.899 million a year ago. Net income was CNY 42.211 million compared to CNY 33.114 million a year ago. Basic earnings per share from continuing operations was CNY 0.21 compared to CNY 0.16 a year ago.
Ningbo Water Meter Group Co Ltd, formerly Ningbo Water Meter Co Ltd, is a China-based company mainly engaged in research, development and manufacturing of integrated water metering products and water industry Internet of Things technology applications. The hardware terminal manufacturing segment is engaged in the research, development, production, manufacturing and sales of water metering and related pipe network equipment and sensors. The smart water application cloud platform segment is engaged in the establishment of a unified system application platform. The engineering service solution segment provides engineering solutions such as pipeline detection and trenchless repair. The Company conducts its business in domestic and foreign markets.
NINGBO WATER METER (GROUP) CO., LTD. 
