Jiangxi Guotai Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 06, 2021 at 05:45 am EDT
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Jiangxi Guotai Group Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 1,704.382 million compared to CNY 1,439.038 million a year ago. Operating income was CNY 258.897 million compared to CNY 172.742 million a year ago. Net income was CNY 193.336 million compared to CNY 143.593 million a year ago. Basic earnings per share from continuing operations was CNY 0.35 compared to CNY 0.26 a year ago.
Jiangxi Guotai Group Co., Ltd., formerly Jiangxi Guotai Industrial Explosive Group Co., Ltd., is a China-based company principally engaged in the research, development, manufacture and distribution of civil explosive products and the provision of blasting services. The Companyâs products include industrial explosives, industrial detonators, as well as industrial detonating cords, among others. The Companyâs products are applied in the mining operations, infrastructure construction and other related fields. The Company is also involved in the development of blasting operation video surveillance platform and the provision of engineering installation services. The Company mainly operates its business in domestic market.
JIANGXI GUOTAI GROUP CO.,LTD. 
