Nanjing Iron & Steel Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 26, 2021 at 06:54 am EDT
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Nanjing Iron & Steel Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 53,122.864 million compared to CNY 47,970.483 million a year ago. Operating income was CNY 3,860.895 million compared to CNY 4,056.048 million a year ago. Net income was CNY 2,845.914 million compared to CNY 2,606.224 million a year ago. Basic earnings per share from continuing operations was CNY 0.555 compared to CNY 0.5888 a year ago. Diluted earnings per share from continuing operations was CNY 0.5549 compared to CNY 0.5886 a year ago.
NanJing Iron & Steel Co Ltd is a China-based company mainly engaged in smelting and processing of ferrous metal products and sale of steel, steel billets and other metal materials. The Company's main products include steel plates, steel bars, steel wires, strip steel products, profile steel products, defective steel products, scraps and steel billets, among others, which are used in various industries, such as petroleum and petrochemical, engineering machinery, ship building, rail transportation, high-rise buildings, automobiles, bridges, marine engineering, wind power, nuclear power and hydropower. The Company distributes its products mainly in East China and overseas market.
NANJING IRON & STEEL CO., LTD. 
