Jiangsu Guomao Reducer Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 27, 2020 at 05:49 am EDT
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Jiangsu Guomao Reducer Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 331.734 million compared to CNY 448.728 million a year ago. Operating income was CNY 36.770 million compared to CNY 56.880 million a year ago. Net income was CNY 32.371 million compared to CNY 49.458 million a year ago. Basic earnings per share from continuing operations was CNY 0.07 compared to CNY 0.13 a year ago.
Jiangsu Guomao Reducer Co., Ltd. is a China-based company principally engaged in the research and development, production and sales of reducers. The Company's main products are reducers, which includes gear reducers (including modular reducers and high-power reducers) and cycloidal pin wheel reducers. The Company's products are widely used in various fields of national economy such as environmental protection, construction, electricity, chemicals, food, logistics, plastics, rubber, mining, metallurgy, petroleum, cement, shipbuilding, water conservancy, textile, printing and dyeing, feed and pharmaceutical. In addition, The Company also provides accessories and Maintenance modification services. The Company mainly distributes its products in the domestic market.
JIANGSU GUOMAO REDUCER CO., LTD. 
