Jiangxi Xinyu Guoke Technology Co., Ltd Reports Earnings Results for the Full Year Ended December 31, 2020
March 30, 2021 at 06:02 am EDT
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Jiangxi Xinyu Guoke Technology Co. Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 243.526 million compared to CNY 224.684 million a year ago. Operating income was CNY 55.787 million compared to CNY 44.911 million a year ago. Net income was CNY 49.202 million compared to CNY 39.888 million a year ago. Basic earnings per share from continuing operations was CNY 0.34 compared to CNY 0.27 a year ago.
Jiangxi Xinyu Guoke Technology Co Ltd is a company engaged in research and development, production and sales of pyrotechnics and related products. The Company has two types of products which are military pyrotechnics and civilian pyrotechnics. The military pyrotechnical products include pyrotechnic components, such as detonators and booster tubes, and pyrotechnic devices, such as pushers and pin pullers. The products are used in weapons and equipment of the army, navy, air force and public security. The civil pyrotechnical products include artificial weather influencing equipment and meteorological equipment, such as artificial hail-prevention and rain-enhancing rockets, rocket launching systems, and precipitation phenomenon instruments.