Ningbo Xusheng Auto Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 19, 2020 at 04:17 am EDT
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Ningbo Xusheng Auto Technology Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,104.885 million compared to CNY 776.983 million a year ago. Operating income was CNY 272.328 million compared to CNY 161.230 million a year ago. Net income was CNY 230.938 million compared to CNY 136.074 million a year ago. Basic earnings per share from continuing operations was CNY 0.55 compared to CNY 0.34 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. 
