Sinosteel Anhui Tianyuan Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 25, 2021 at 04:15 am EDT
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Sinosteel Anhui Tianyuan Technology Co.,Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 480.944 million compared to CNY 232.657 million a year ago. Operating income was CNY 32.784 million compared to CNY 16.244 million a year ago. Net income was CNY 27.871 million compared to CNY 13.405 million a year ago. Basic earnings per share from continuing operations was CNY 0.0484 compared to CNY 0.0233 a year ago.
Sinosteel New Materials Co Ltd is a China-based company mainly engaged in magnetic materials and inspection and testing business. Its main products and businesses include soft magnetic materials, permanent magnet devices, rare earth permanent magnet devices and inspection and testing services. The soft magnetic material products include manganese tetroxide, iron silicon powder, sendust powder and so on. The inspection and testing services mainly include testing of metal products, steel structures, engineering raw materials and structural parts. The Company's business also includes metal products, mining, building materials and metallurgical equipment. The Company mainly conducts business in the domestic market.
SINOSTEEL NEW MATERIALS CO., LTD. 