Gem-Year Industrial Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 25, 2020 at 05:33 am EDT
Share
Gem-Year Industrial Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 1,011.185 million compared to CNY 1,645.668 million a year ago. Operating income was CNY 73.113 million compared to CNY 107.056 million a year ago. Net income was CNY 54.198 million compared to CNY 81.671 million a year ago. Basic earnings per share from continuing operations was CNY 0.064 compared to CNY 0.103 a year ago.
GEM-YEAR INDUSTRIAL CO., LTD. is a China-based company, principally engaged in the research and development, manufacture and distribution of mechanical basic parts. The Company mainly provides various types of fasteners, metal products, wire drawings and railway fasteners. The Company provides nuts, bolts, screws, thread rods and non-standard specialty fastening products, among others. The Company's products are applied in several industries, such as road and railway transportation, electric power, automobiles, motors, household electrical appliances and furniture. The Company distributes its products within domestic market and to overseas markets.
GEM-YEAR INDUSTRIAL CO.,LTD. 
