Shanghai Tianyong Engineering Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 27, 2021 at 11:36 pm EDT
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Shanghai Tianyong Engineering Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 506.892 million compared to CNY 469.936 million a year ago. Operating income was CNY 8.826 million compared to operating loss of CNY 52.084 million a year ago. Net income was CNY 12.203 million compared to net loss of CNY 40.278 million a year ago. Basic earnings per share from continuing operations was CNY 0.11 compared to basic loss per share from continuing operations of CNY 0.37 a year ago.
Shanghai Tianyong Engineering Co., Ltd. is a China-based company principally involved in the research, development, design, manufacture, installation, sales of intelligent automated production lines and intelligent automation equipment, as well as the provision of after-sale training and services. The Company operates through two main segments. The Intelligent Automation Production Lines segmentâs main products include automated assembly lines of the engines, the transmission automatic assembly lines and the white body welding automated production lines. The Intelligent Automation Equipment segmentâs main product include on-line cold testing equipment for engines, on-line thermal testing equipment for engines and engine development testing experiment stands, among others. The segment is also engaged in the provision of engine development testing service.