Jiangsu Toland Alloy Co.,Ltd Reports Earnings Results for the Nine Months Ended September 30, 2020
October 27, 2020 at 05:36 am EDT
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Jiangsu ToLand Alloy Co.,Ltd announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 409.317 million compared to CNY 352.613 million a year ago. Operating income was CNY 88.862 million compared to CNY 83.236 million a year ago. Net income was CNY 77.652 million compared to CNY 72.918 million a year ago. Basic earnings per share from continuing operations was CNY 0.48 compared to CNY 0.49 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.