Jiangxi Guotai Group Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 24, 2020 at 05:59 am EDT
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Jiangxi Guotai Group Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 686.517 million compared to CNY 623.035 million a year ago. Operating income was CNY 107.817 million compared to CNY 75.385 million a year ago. Net income was CNY 83.778 million compared to CNY 62.212 million a year ago. Basic earnings per share from continuing operations was CNY 0.15 compared to CNY 0.11 a year ago. Diluted earnings per share from continuing operations was CNY 0.14 compared to CNY 0.11 a year ago.
Jiangxi Guotai Group Co., Ltd., formerly Jiangxi Guotai Industrial Explosive Group Co., Ltd., is a China-based company principally engaged in the research, development, manufacture and distribution of civil explosive products and the provision of blasting services. The Companyâs products include industrial explosives, industrial detonators, as well as industrial detonating cords, among others. The Companyâs products are applied in the mining operations, infrastructure construction and other related fields. The Company is also involved in the development of blasting operation video surveillance platform and the provision of engineering installation services. The Company mainly operates its business in domestic market.
JIANGXI GUOTAI GROUP CO.,LTD. 
