Sinomach Heavy Equipment Group Co.,Ltd Reports Earnings Results for the Half Year Ended June 30, 2020
August 25, 2020 at 07:47 am EDT
Share
SINOMACH HEAVY EQUIPMENT GROUP CO.,LTD announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 3,673.400 million compared to CNY 4,512.136 million a year ago. Operating income was CNY 127.122 million compared to CNY 200.018 million a year ago. Net income was CNY 91.776 million compared to CNY 169.649 million a year ago. Basic earnings per share from continuing operations was CNY 0.0126 compared to CNY 0.0233 a year ago.
Sinomach Heavy Equipment Group Co Ltd, formerly China Erzhong Group Deyang Heavy Industries Co Ltd, is a company mainly engaged in research, development and manufacturing of mechanical equipment. The Company operates four businesses. The research, development and manufacturing of mechanical equipment business is engaged in the research, development and production of large scale metallurgical complete equipment, clean energy equipment and large scale casting and forging mechanical equipment. The project general contracting business involves a range of industries, including domestic and foreign metallurgy, mining, ports, transportation infrastructure, as well as power transmission and transformation projects. The trade and service business provides engineering contracting related services, including bidding agency and engineering supervision. The electricity sales business is conducted by the Companyâs subsidiary to operate hydroelectric power station in Cambodia.
SINOMACH HEAVY EQUIPMENT GROUP CO.,LTD 
