Ningbo Water Meter Group Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 17, 2020 at 05:40 am EDT
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Ningbo Water Meter Group Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 656.121 million compared to CNY 554.499 million a year ago. Operating income was CNY 125.213 million compared to CNY 89.515 million a year ago. Net income was CNY 117.296 million compared to CNY 80.063 million a year ago. Basic earnings per share from continuing operations was CNY 0.58 compared to CNY 0.41 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. 
