Tibet Gaozheng Explosive Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 21, 2020 at 04:03 am EDT
Share
Tibet GaoZheng Explosive Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 241.007 million compared to CNY 142.995 million a year ago. Operating income was CNY 10.494 million compared to CNY 9.668 million a year ago. Net income was CNY 1.199 million compared to CNY 6.109 million a year ago. Basic earnings per share from continuing operations was CNY 0.004 compared to CNY 0.02 a year ago.
Tibet GaoZheng Explosive Co., Ltd. is a China-based company principally engaged in the manufacture and distribution of civil explosive materials and industrial explosives, as well as the provision of blasting services. Its products mainly include powdery emulsion explosives, gelatinous emulsion explosives, blasting caps, as well as industrial electric detonators and industrial cables, among others. Its products are mainly applied in infrastructure construction and national defense construction such as coal, metal, non-metallic mineral resources mining, hydropower and water conservancy. The Company mainly operates its business mainly in domestic market, with Tibet Autonomous Region as its main market.
TIBET GAOZHENG EXPLOSIVE CO., LTD. 
