Harbin Air Conditioning Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 26, 2020 at 03:42 am EDT
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Harbin Air Conditioning Co.,Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 655.240 million compared to CNY 705.958 million a year ago. Operating income was CNY 31.965 million compared to CNY 41.795 million a year ago. Net income was CNY 31.849 million compared to CNY 40.431 million a year ago. Basic earnings per share from continuing operations was CNY 0.0831 compared to CNY 0.1055 a year ago.
Harbin Air Conditioning Co., Ltd. is a China-based company principally engaged in the development, manufacture and distribution of air coolers. The Company's major products are air coolers for petrochemical factories and air coolers for power plants. Its air coolers for petrochemical factories are applied in condensation and cooling of industry mediums in petrochemical, coal chemical, metallurgical and other industries. Its air coolers for power plants are applied in cooling of waste steam in steam turbines. In addition, the Company also engages in the design, manufacture and sales of nuclear power station air handling units and other industrial air conditioning products. The Company distributes its products within domestic market and to overseas markets.