Jiangsu Toland Alloy Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2021
April 18, 2021 at 04:02 am EDT
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Jiangsu ToLand Alloy Co.,Ltd announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 149.174 million compared to CNY 101.582 million a year ago. Operating income was CNY 42.892 million compared to CNY 15.482 million a year ago. Net income was CNY 36.117 million compared to CNY 13.413 million a year ago. Basic earnings per share from continuing operations was CNY 0.18 compared to CNY 0.09 a year ago.
Jiangsu ToLand Alloy Co Ltd is a Chinese company mainly engaged in the research and development, production and sales of high-performance alloy materials and their products. The company's main products include cast superalloys, deformed superalloys and special stainless steels, such as precision castings, master alloys, bars, pipes, wires, etc. Its products are mainly used in military and high-end civilian fields such as aero engines, gas turbines, and nuclear power equipment. The company operates in the domestic and overseas markets.