China Automotive Engineering Research Institute Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 28, 2020 at 04:11 am EDT
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China Automotive Engineering Research Institute Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 1,541.090 million compared to CNY 1,082.845 million a year ago. Operating income was CNY 238.226 million compared to CNY 226.762 million a year ago. Net income was CNY 198.657 million compared to CNY 189.392 million a year ago. Basic earnings per share from continuing operations was CNY 0.2 compared to CNY 0.2 a year ago. Diluted earnings per share from continuing operations was CNY 0.21 compared to CNY 0.2 a year ago.
CHINA AUTOMOTIVE ENGINEERING RESEARCH INSTITUTE CO.,LTD is a China-based company primarily engaged in the automobile technical support and industrial manufacturing. Automobile Technical Support segment includes technology research and development, technical consulting, technology services, and vehicle test and evaluation. Industrial Manufacturing segment is involved in the design, development, manufacture and sale of special vehicles, gas-driven vehicle systems, rail transit key components, vehicle detection equipment, electric vehicle hybrid power systems and key components and aftertreatment systems, among other products.