Zhejiang Xcc Group Co.,Ltd Reports Earnings Results for the Nine Months Ended September 30, 2020
October 27, 2020 at 04:08 am EDT
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Zhejiang XCC Group Co.,Ltd announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,223.675 million compared to CNY 1,389.630 million a year ago. Operating income was CNY 63.947 million compared to CNY 113.549 million a year ago. Net income was CNY 47.626 million compared to CNY 85.501 million a year ago. Basic earnings per share from continuing operations was CNY 0.16 compared to CNY 0.32 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 
