Riyue Heavy Industry 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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Riyue Heavy Industry Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 3,733.606 million compared to CNY 2,441.366 million a year ago. Operating income was CNY 829.715 million compared to CNY 395.853 million a year ago. Net income was CNY 701.699 million compared to CNY 344.544 million a year ago. Basic earnings per share from continuing operations was CNY 0.92 compared to CNY 0.46 a year ago. Diluted earnings per share from continuing operations was CNY 0.88 compared to CNY 0.46 a year ago.
Riyue Heavy Industry Co., Ltd. is a China-based company mainly engaged in the research and development, production and sales of large-scale heavy equipment castings. The Company's products include wind castings, plastic machinery castings, diesel castings, machining center castings and other castings. The Company's products are used in heavy equipment in the fields of assembly energy, general machinery and marine engineering. The Company conducts its businesses in domestic and overseas markets.
RIYUE HEAVY INDUSTRY CO.,LTD 
