Tibet Gaozheng Explosive Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 14, 2021 at 05:49 am EDT
Share
Tibet GaoZheng Explosive Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 741.383 million compared to CNY 363.520 million a year ago. Operating income was CNY 72.670 million compared to CNY 32.251 million a year ago. Net income was CNY 36.741 million compared to CNY 23.986 million a year ago. Basic earnings per share from continuing operations was CNY 0.13 compared to CNY 0.09 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. 
