Jiangyin Electrical Alloy Co.,Ltd Reports Earnings Results for the Full Year Ended December 31, 2020
March 09, 2021 at 04:39 am EST
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Jiangyin Electrical Alloy Co.,Ltd announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 1,606.486 million compared to CNY 1,877.878 million a year ago. Operating income was CNY 140.881 million compared to CNY 154.104 million a year ago. Net income was CNY 115.544 million compared to CNY 128.989 million a year ago. Basic earnings per share from continuing operations was CNY 0.556 compared to CNY 0.62 a year ago.
Jiangyin Electrical Alloy Co Ltd is a company mainly engaged in research, development, production and sales of copper and copper alloy products. The Company's products are comprised of electrified railway catenary series products and copper busbar series products. The electrified railway contact network products include railway contact lines and load-bearing cables, which are used in electrified railway areas, such as high-speed railways. The copper busbar series products include copper busbars and deep-processed copper parts, which are used in the fields of power generation, transmission and distribution.
JIANGYIN ELECTRICAL ALLOY CO.,LTD 
