Nanjing Baose Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2018
April 25, 2019 at 06:15 pm EDT
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Nanjing Baose Co., Ltd. announced earnings results for the full year ended December 31, 2018. For the full year, the company announced sales was CNY 713.834 million compared to CNY 440.058 million a year ago. Operating income was CNY 7.640 million compared to operating loss of CNY 10.119 million a year ago. Net income was CNY 14.637 million compared to CNY 10.538 million a year ago. Basic earnings per share from continuing operations was CNY 0.07 compared to CNY 0.05 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.