Yingtong Telecommunication Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
March 19, 2020 at 08:00 am EDT
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YingTong Telecommunication Co.,Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 1,107.809 million compared to CNY 896.448 million a year ago. Operating income was CNY 80.698 million compared to CNY 74.213 million a year ago. Net income was CNY 71.223 million compared to CNY 64.490 million a year ago. Basic earnings per share from continuing operations was CNY 0.59 compared to CNY 0.53 a year ago. Diluted earnings per share from continuing operations was CNY 0.58 compared to CNY 0.53 a year ago.
YingTong Telecommunication Co., Ltd, formerly Hubei Yingtong Telecommunication Cable Co., Ltd., is a China-based company principally involved in the research, development, manufacture and sales of acoustic products, USB data cables and other products. The Company operates through two main segments. The Main Business segment is primarily involved in the manufacture and sales of acoustic products including semi-finished earphones and earphone cables, USB data cables, as well as other products. The Other Business segment is primarily engaged in waste disposal, sales of raw materials, samples and moulds, among others.
YINGTONG TELECOMMUNICATION CO.,LTD. 
