Kwang Myung Electric Co Ltd operates within the Switchgear and switchboard apparatus sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Kwang Myung Electric Co Ltd with three other
power transmission equipment manufacturers in Asia:
Shanghai Guangdian Electric Group Company Limited
sales of 698.97 million Chinese Renmimbi [US$106.50 million]
of which 96%
was PTD & Controlling Devices Manufacturing),
Galaxy Biomedical Investment Co Ltd
(780.84 million Chinese Renmimbi [US$118.98 million]
of which 54%
was Transmission and control equipment manuf), and
Boer Power Holdings Limited
based in CHINA
(737.13 million Chinese Renmimbi [US$112.32 million]
of which 52%
was iEDS Solutions).
During the year ended December of 2019, sales at
Kwang Myung Electric Co Ltd were 131.86 billion Korean Won (US$118.28 million).
increase of 15.6%
versus 2018, when the company's sales were 114.11 billion Korean Won .
This was the third consecutive year of growth at Kwang Myung Electric Co Ltd.
The sales level in 2019 was fairly close to the level five years ago: in 2014, Kwang Myung Electric Co Ltd had sales
of 134.78 billion Korean Won .
Sales of Solar Power System saw an increase
that was more than double the company's growth rate: sales were up
116.5% in 2019, from
3.66 billion Korean Won to 7.92 billion Korean Won .
Kwang Myung Electric Co Ltd also saw significant increases in sales in
Construction (up 105.9% to 22.12 billion Korean Won )
Not all segments of Kwang Myung Electric Co Ltd experienced an increase in sales in 2019:
sales of Rental fell 80.1% to 88.42 million Korean Won .
(However, this segment's sales were only a very small portion of the company's overall sales).