Asian Star Anchor Chain Co., Ltd. Jiangsu Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
April 26, 2021 at 02:05 pm EDT
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Asian Star Anchor Chain Co., Ltd. Jiangsu announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced For the full year, sales was CNY 1,108.893 million compared to CNY 1,284.082 million a year ago. Operating income was CNY 102.383 million compared to CNY 103.811 million a year ago. Net income was CNY 87.163 million compared to CNY 89.905 million a year ago. Basic earnings per share from continuing operations was CNY 0.091 compared to CNY 0.094 a year ago. Sales was CNY 449.266 million compared to CNY 289.312 million a year ago. Operating income was CNY 39.234 million compared to CNY 23.549 million a year ago. Net income was CNY 32.215 million compared to CNY 19.405 million a year ago. Basic earnings per share from continuing operations was CNY 0.0336 compared to CNY 0.0202 a year ago.
Asian Star Anchor Chain Co Ltd Jiangsu is a China-based company mainly engaged in marine anchor chains, offshore oil platform mooring chains and mining chains. The Company's main products are marine anchor chains and accessories, offshore platform mooring chains and their supporting accessories, and mining chains and their supporting accessories. The anchor chains and mooring chain products produced by the Company are devices for maintaining the safety of ships and marine engineering facilities, and are components of offshore mooring positioning systems, and are supporting industries for the shipbuilding and marine engineering industries. The Company's mining chains are mainly used in mainstream domestic coal mining enterprises. The Company's products are exported to many countries and regions such as Japan, South Korea, Europe, and the United States.