Shenzhen Jasic Technology Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 19, 2021 at 07:44 am EDT
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Shenzhen Jasic Technology Co.,Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 1,020.262 million compared to CNY 965.557 million a year ago. Operating income was CNY 192.372 million compared to CNY 245.763 million a year ago. Net income was CNY 162.547 million compared to CNY 207.669 million a year ago. Basic earnings per share from continuing operations was CNY 0.34 compared to CNY 0.43 a year ago. Diluted earnings per share from continuing operations was CNY 0.33 compared to CNY 0.43 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. 
