On October 28, news,TeslavendorsShanghai Shi ElectronicsCo., Ltd. (“Shanghai Electric Power Co., Ltd.” for short) released its report for the third quarter of 2020. The report shows that in the first three quarters of this year, the company achieved revenue of about 5,557 million yuan, an increase of 10.91% over the previous year; net profit of about 955 million yuan, an increase of 12.14% over the previous year; and basic earnings per share of 0.5611 yuan, an increase of 11.15% over the previous year.
In the third quarter, the company achieved revenue of about 2,023 million yuan, up 7.14% year on year; net profit of about 371 million yuan, down 0.47% year on year; basic earnings per share were 0.2175, down 1.49% year on year.
Shanghai Electronics Co., Ltd. was founded in 1992 and listed on the SME board of the Shenzhen Stock Exchange in 2010. The stock code is 002463, and the stock is abbreviated as “Shanghai Electric Power Co., Ltd.” The company's leading products are printed circuit boards used in communications, communication equipment, and automobiles.
According to reports, the company is the only designated Tier 1 supplier for Tesla PCBs. In 2019, the company's monthly revenue from Tesla was about 5 million to 6 million yuan. (Little fox)