GEM Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 29, 2021 at 05:28 am EDT
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GEM Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 12,891.82 million compared to CNY 8,643.93 million a year ago. Revenue was CNY 12,891.82 million compared to CNY 8,643.93 million a year ago. Net income was CNY 716.46 million compared to CNY 325.55 million a year ago. Basic earnings per share from continuing operations was CNY 0.15 compared to CNY 0.07 a year ago. Diluted earnings per share from continuing operations was CNY 0.15 compared to CNY 0.07 a year ago.
GEM Co., Ltd. specializes in the recycling services for non-ferrous metals and secondary materials. The group provides recovery, treatment and recycling services for used batteries, waste electrical and electronic equipment (computer equipment, televisions, mobile phones, etc.) and special solid waste (cars, scrap metal, etc.). The group's products consist mainly of nickel, tungsten cobalt, and thermoplastic composites.