Jiangsu Donghua Testing Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 13, 2020 at 09:05 am EDT
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Jiangsu DongHua Testing Technology Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 177.743 million compared to CNY 134.196 million a year ago. Operating income was CNY 34.925 million compared to CNY 20.719 million a year ago. Net income was CNY 30.427 million compared to CNY 17.624 million a year ago. Basic earnings per share from continuing operations was CNY 0.22 compared to CNY 0.13 a year ago.
DongHua Testing Technology Co., Ltd. is principally engaged in the research, development, production and distribution of structural mechanics performance testing instrument and bundled software, as well as the provision of solutions and technical services. The Company's products mainly include static strain testing and analyzing systems and dynamic testing and analyzing systems. The Company's products are mainly used in the structural mechanics performance testing of industrial products, the optimal structure designing verification testing of industrial products, the functional security reliability performance testing of large buildings, as well as the monitoring and bug detecting of equipment, among others. On July 2, 2013, the Company announced that it has completed the acquisition of the remaining 30% stake in its Yangzhou-based 70%-owned subsidiary. After the transaction, the Company holds a 100% stake in the subsidiary.
DONGHUA TESTING TECHNOLOGY CO. , LTD. 
