Inner Mongolia First Machinery Group Co.,Ltd. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
April 26, 2021 at 02:05 pm EDT
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Inner Mongolia First Machinery Group Co.,Ltd. announced earnings results for the fourth quarter ended December 31, 2020. For the year, the company announced sales was CNY 13,234.086 million compared to CNY 12,681.110 million a year ago. Operating income was CNY 738.589 million compared to CNY 656.637 million a year ago. Net income was CNY 656.139 million compared to CNY 572.042 million a year ago. Basic earnings per share from continuing operations was CNY 0.39 compared to CNY 0.34 a year ago. For the quarter, sales was CNY 1,911.805 million compared to CNY 1,868.478 million a year ago. Operating income was CNY 204.460 million compared to CNY 171.994 million a year ago. Net income was CNY 176.683 million compared to CNY 146.955 million a year ago. Basic earnings per share from continuing operations was CNY 0.104 compared to CNY 0.087 a year ago.
Inner Mongolia First Machinery Group Co Ltd is a China-based company engaged in the research and development, manufacturing, and sales of military products. The Company's main products are special equipment products. The Company mainly develops and produces tracked, wheeled, and artillery armored vehicles. The Company's railway vehicles mainly produce gondola cars, tank cars, flat cars, box cars, hopper cars, special cars, and other complete products. The Company's vehicle parts and components mainly produce parts with the core of vehicle transmission, movement, suspension, and large-scale precision structural parts, including heavy-duty brakes, springs, railway vehicle bolsters, side frames, buffers and other products. The Company distributes its products within the domestic market and to overseas market.
INNER MONGOLIA FIRST MACHINERY GROUP CO.,LTD. 
