Guilin Fuda Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 20, 2020 at 04:07 am EDT
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GUILIN FUDA Co.,Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,259.025 million compared to CNY 1,071.131 million a year ago. Operating income was CNY 162.778 million compared to CNY 93.297 million a year ago. Net income was CNY 132.115 million compared to CNY 82.167 million a year ago. Basic earnings per share from continuing operations was CNY 0.22 compared to CNY 0.14 a year ago.
GUILIN FUDA Co.,Ltd. is a China-based company principally engaged in the research, development, production and sale of automotive components. The Company's main products include automotive components, such as engine crankshafts, automotive clutches and spiral bevel gears, as well as precision forgings, such as engine crankshaft blanks and automotive front beams. The Company's products are mainly used in commercial vehicles, passenger cars and new energy vehicles. The Company distributes its products in domestic market and to overseas markets.