Sinosteel Anhui Tianyuan Technology Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 25, 2020 at 04:07 am EDT
Share
Sinosteel Anhui Tianyuan Technology Co.,Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,131.049 million compared to CNY 997.862 million a year ago. Operating income was CNY 137.665 million compared to CNY 117.875 million a year ago. Net income was CNY 120.923 million compared to CNY 104.540 million a year ago. Basic earnings per share from continuing operations was CNY 0.2102 compared to CNY 0.1817 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. 
