Jiangsu Guomao Reducer Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2019
October 28, 2019 at 04:15 am EDT
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Jiangsu Guomao Reducer Co.,Ltd. announced earnings results for the nine months ended September 30, 2019. For the nine months, the company announced sales was CNY 1,424.477 million compared to CNY 1,357.339 million a year ago. Operating income was CNY 215.226 million compared to CNY 186.261 million a year ago. Net income was CNY 194.453 million compared to CNY 167.551 million a year ago. Basic earnings per share from continuing operations was CNY 0.48 compared to CNY 0.44 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. 
