Shenzhen Jasic Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 24, 2020 at 05:55 am EDT
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Shenzhen Jasic Technology Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 141.479 million compared to CNY 202.146 million a year ago. Operating income was CNY 38.243 million compared to CNY 35.453 million a year ago. Net income was CNY 28.702 million compared to CNY 29.584 million a year ago. Basic earnings per share from continuing operations was CNY 0.06 compared to CNY 0.06 a year ago.
SHENZHEN JASIC TECHNOLOGY CO.,LTD. is a China-based company principally engaged in the research, development, manufacture and sales of welding and cutting equipment. The Company's main products are mainly inverter welding machines and welding accessories, including direct current (DC) manual arc welding machines, DC tungsten arc welding machines, alternating current (AC) and DC square wave tungsten arc welding machines, carbon dioxide (CO2) gas shielded welding machines, pulse metal inert gas (MIG) welding machines, double pulse MIG welding machines, DC submerged arc welding machines, double wire AC/DC submerged arc welding machines, air plasma cutter and multi-function welding machines. The Company distributes its products in domestic market and to overseas markets.
SHENZHEN JASIC TECHNOLOGY CO.,LTD. 
