Nanjing Baose Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 24, 2020 at 12:20 pm EDT
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Nanjing Baose Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 164.205 million compared to CNY 191.649 million a year ago. Operating income was CNY 957,692.49 compared to CNY 4.020 million a year ago. Net income was CNY 1.622 million compared to CNY 4.108 million a year ago. Basic earnings per share from continuing operations was CNY 0.008 compared to CNY 0.0203 a year ago.
Nanjing Baose Co Ltd is a China-based company mainly engaged in the research and development, design, manufacturing, installation, service and technical consulting of special materials non-standard pressure vessel equipment such as titanium, nickel, zirconium, tantalum, copper and their alloys, high-grade stainless steel and metal composite materials. The Company's business also includes the manufacture and installation of non-ferrous metal welded pressure pipes and pipe fittings. The products are mainly used in industries with anti-corrosion, high-pressure and high-temperature resistant equipment requirements. The Company's products are large-scale special non-standard equipment, mainly including heat exchangers, towers, reactors and other pressure vessels and pipe fittings and others, which are used to complete the production process of reaction, mass transfer, heat transfer, separation and storage in projects in the chemical, energy, metallurgy, electricity, environmental protection, marine engineering and shipbuilding industries.