Zhejiang Xcc Group Co.,Ltd Reports Earnings Results for the Full Year Ended December 31, 2020
April 27, 2021 at 11:31 pm EDT
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Zhejiang XCC Group Co.,Ltd announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 1,753.991 million compared to CNY 1,817.599 million a year ago. Operating income was CNY 76.409 million compared to CNY 111.781 million a year ago. Net income was CNY 62.100 million compared to CNY 102.398 million a year ago. Basic earnings per share from continuing operations was CNY 0.21 compared to CNY 0.36 a year ago.
Zhejiang XCC Group Co., Ltd. is a China-based company principally engaged in the research, design, manufacture and distribution of bearing rings and finished bearings. Its bearing ring products include automobile bearing rings and non-automobile bearing rings. Its finished bearing products include precision automobile bearings, precision motor bearings and other bearings. The Company is also involved in the production of precision steel pipes. Its products are mainly applied in automobiles, motors, mechanized equipment and others. The Company distributes its products within domestic market and to overseas markets, including The Republic of Korea, Brazil, Europe and America, among others.
ZHEJIANG XCC GROUP CO.,LTD 
