Jiangyin Electrical Alloy Co.,Ltd Reports Earnings Results for the Half Year Ended June 30, 2020
August 03, 2020 at 07:44 am EDT
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Jiangyin Electrical Alloy Co.,Ltd announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 734.490 million compared to CNY 1,034.688 million a year ago. Operating income was CNY 61.563 million compared to CNY 97.209 million a year ago. Net income was CNY 49.584 million compared to CNY 79.269 million a year ago. Basic earnings per share from continuing operations was CNY 0.238 compared to CNY 0.381 a year ago.
Jiangyin Electrical Alloy Co Ltd is a company mainly engaged in research, development, production and sales of copper and copper alloy products. The Company's products are comprised of electrified railway catenary series products and copper busbar series products. The electrified railway contact network products include railway contact lines and load-bearing cables, which are used in electrified railway areas, such as high-speed railways. The copper busbar series products include copper busbars and deep-processed copper parts, which are used in the fields of power generation, transmission and distribution.