Square Technology Group Co.,Ltd Reports Earnings Results for the Full Year Ended December 31, 2019
April 15, 2020 at 04:31 am EDT
Share
Square Technology Group Co.,Ltd announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 1,175.301 million compared to CNY 1,230.537 million a year ago. Operating income was CNY 145.246 million compared to CNY 215.658 million a year ago. Net income was CNY 129.465 million compared to CNY 182.223 million a year ago. Basic earnings per share from continuing operations was CNY 0.62 compared to CNY 0.88 a year ago. Diluted earnings per share from continuing operations was CNY 0.61 compared to CNY 0.86 a year ago.
Square Technology Group Co., Ltd., formerly Nantong Square Cold Chain Equipment Co., Ltd., is principally engaged in the research and development, production and sale of cold chain equipment and special containers. The Company's major product is based on quick freezing equipment, including refrigeration equipment and tank containers. The Company's products are widely used in aquatic products, meat and poultry, fruits and vegetables, rice products, ice cream, baked goods and prepared foods, and other agricultural and sideline products. Its products are also used in fields, such as the cooling and processing of food, the logistics industry of frozen stuff, chemical industry, energy, and food and beverage, among others.