Gaona Aero Material Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 28, 2020 at 04:54 am EDT
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Gaona Aero Material Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,068.297 million compared to CNY 1,033.211 million a year ago. Operating income was CNY 195.975 million compared to CNY 181.235 million a year ago. Net income was CNY 130.046 million compared to CNY 127.052 million a year ago. Basic earnings per share from continuing operations was CNY 0.2811 compared to CNY 0.2805 a year ago. Diluted earnings per share from continuing operations was CNY 0.2788 compared to CNY 0.2805 a year ago.
Gaona Aero Material Co.,Ltd. is a China-based company principally engaged in the development, design, manufacture and sale of high temperature alloy products. The Companyâs main products include cast alloy products, wrought alloy products, powder alloy products, special alloy products and high-purity and high-strength special alloy products, among others. The Companyâs products are mainly used in aviation and aerospace, large-scale power generation equipment, weapons, energy, petrochemical, pharmaceutical, automotive turbochargers, nuclear energy and ground gas turbines. The Company distributes its products in domestic market, with Northeast China and North China as its main markets.
GAONA AERO MATERIAL CO., LTD. 
