Ningbo Xusheng Auto Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 22, 2021 at 07:19 am EDT
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Ningbo Xusheng Auto Technology Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 1,627.502 million compared to CNY 1,097.198 million a year ago. Operating income was CNY 387.502 million compared to CNY 240.740 million a year ago. Net income was CNY 332.817 million compared to CNY 206.591 million a year ago. Basic earnings per share from continuing operations was CNY 0.77 compared to CNY 0.52 a year ago.
Ningbo Xusheng Group Co Ltd, formerly Ningbo Xusheng Auto Technology Co Ltd, is a China-based company mainly engaged in the research and development, production and sales of die-casting precision aluminum alloy auto parts and industrial parts. The Companyâs die-casting products include drive housings, gearboxes, rafts and reducer housings, etc.; forged products include torsion arms, control arms and subframes, etc.; extrusion products include gas-liquid separators, anti-collision beams, etc. The main application areas of the Company's products include precision machining parts for core systems such as new energy vehicle transmission systems, transmission systems, battery systems, and suspension systems. The Company distributes its products within the domestic market and to overseas market.
NINGBO XUSHENG GROUP CO., LTD. 
