Donghua Testing Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2019
October 21, 2019 at 05:17 am EDT
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DongHua Testing Technology Co., Ltd. announced earnings results for the nine months ended September 30, 2019. For the nine months, the company announced sales was CNY 97.957 million compared to CNY 83.369 million a year ago. Operating income was CNY 6.278 million compared to CNY 1.569 million a year ago. Net income was CNY 5.322 million compared to CNY 2.481 million a year ago. Basic earnings per share from continuing operations was CNY 0.0385 compared to CNY 0.0179 a year ago.
DongHua Testing Technology Co., Ltd. is principally engaged in the research, development, production and distribution of structural mechanics performance testing instrument and bundled software, as well as the provision of solutions and technical services. The Company's products mainly include static strain testing and analyzing systems and dynamic testing and analyzing systems. The Company's products are mainly used in the structural mechanics performance testing of industrial products, the optimal structure designing verification testing of industrial products, the functional security reliability performance testing of large buildings, as well as the monitoring and bug detecting of equipment, among others. On July 2, 2013, the Company announced that it has completed the acquisition of the remaining 30% stake in its Yangzhou-based 70%-owned subsidiary. After the transaction, the Company holds a 100% stake in the subsidiary.