Asian Star Anchor Chain Co., Ltd. Jiangsu Reports Earnings Results for the Nine Months Ended September 30, 2020
October 28, 2020 at 03:58 am EDT
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Asian Star Anchor Chain Co., Ltd. Jiangsu announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 840.725 million compared to CNY 957.031 million a year ago. Operating income was CNY 78.399 million compared to CNY 81.289 million a year ago. Net income was CNY 67.614 million compared to CNY 69.900 million a year ago. Basic earnings per share from continuing operations was CNY 0.0705 compared to CNY 0.0729 a year ago.
Asian Star Anchor Chain Co Ltd Jiangsu is a China-based company mainly engaged in marine anchor chains, offshore oil platform mooring chains and mining chains. The Company's main products are marine anchor chains and accessories, offshore platform mooring chains and their supporting accessories, and mining chains and their supporting accessories. The anchor chains and mooring chain products produced by the Company are devices for maintaining the safety of ships and marine engineering facilities, and are components of offshore mooring positioning systems, and are supporting industries for the shipbuilding and marine engineering industries. The Company's mining chains are mainly used in mainstream domestic coal mining enterprises. The Company's products are exported to many countries and regions such as Japan, South Korea, Europe, and the United States.