Jiangyin Electrical Alloy Co.,Ltd Reports Earnings Results for the Nine Months Ended September 30, 2021
October 22, 2021 at 04:03 am EDT
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Jiangyin Electrical Alloy Co.,Ltd reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 1,579.87 million compared to CNY 1,156.53 million a year ago. Revenue was CNY 1,579.87 million compared to CNY 1,156.53 million a year ago. Net income was CNY 82.8 million compared to CNY 84.28 million a year ago. Basic earnings per share from continuing operations was CNY 0.249 compared to CNY 0.253 a year ago. Diluted earnings per share from continuing operations was CNY 0.249 compared to CNY 0.253 a year ago.
Jiangyin Electrical Alloy Co Ltd is a company mainly engaged in research, development, production and sales of copper and copper alloy products. The Company's products are comprised of electrified railway catenary series products and copper busbar series products. The electrified railway contact network products include railway contact lines and load-bearing cables, which are used in electrified railway areas, such as high-speed railways. The copper busbar series products include copper busbars and deep-processed copper parts, which are used in the fields of power generation, transmission and distribution.