Tjk Machinery Tianjin Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 24, 2020 at 11:17 am EDT
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Tjk Machinery Tianjin Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 86.645 million compared to CNY 100.339 million a year ago. Operating income was CNY 18.089 million compared to CNY 19.127 million a year ago. Net income was CNY 15.748 million compared to CNY 16.767 million a year ago. Basic earnings per share from continuing operations was CNY 0.22 compared to CNY 0.24 a year ago.
TJK MACHINERY (TIANJIN) CO., LTD. is a China-based company mainly engaged in the research, design, production and sales of high-end computer numerical control (CNC) reinforcement steel processing machines, and provision of overall solutions for CNC reinforcement steel processing. The Company mainly produces and sells three series of products: single-piece reinforcement steel forming machinery, combined reinforcement steel forming machinery and reinforcement steel strengthening machinery, including fully automatic CNC reinforcement steel bending machine, fully automatic CNC reinforcement steel straightening and cutting machine and so on. Products are used in high-speed railways, highways, bridges and tunnels, rail transit, underground pipeline corridors, nuclear power, hydropower, steel processing and distribution centers and other fields. The Company operates its businesses in the domestic market and to overseas markets.
TJK MACHINERY (TIANJIN) CO., LTD. 
