Xi'an Shaangu Power Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 27, 2020 at 05:24 am EDT
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Xi'an Shaangu Power Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 1,788.356 million compared to CNY 1,787.529 million a year ago. Operating income was CNY 214.035 million compared to CNY 170.747 million a year ago. Net income was CNY 171.590 million compared to CNY 125.604 million a year ago. Basic earnings per share from continuing operations was CNY 0.1 compared to CNY 0.08 a year ago.
XI'AN SHAANGU POWER CO., LTD. is a China-based company principally engaged in the development, manufacture and distribution of energy conversion equipment. The Company's main products are turbine compressor sets, including axial compressors, centrifugal compressors and air separation compressors; turbine blowing machine sets, including centrifugal blowing machines and draft blowers, as well as industrial process energy recovery devices. The Company is also involved in the provision of energy transformation system services including packaged engineering, logistics and trading, automation services and others, as well as operation of energy infrastructure business. It distributes its products within domestic market and to overseas markets.
XI'AN SHAANGU POWER CO., LTD. 
