Taiyuan Heavy Industry Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 26, 2021 at 06:05 am EDT
Share
Taiyuan Heavy Industry Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 1,840.674 million compared to CNY 2,083.893 million a year ago. Operating income was CNY 32.565 million compared to operating loss of CNY 122.769 million a year ago. Net income was CNY 13.707 million compared to net loss of CNY 130.996 million a year ago. Basic earnings per share from continuing operations was CNY 0.0041 compared to basic loss per share from continuing operations of CNY 0.0511 a year ago.
TAIYUAN HEAVY INDUSTRY CO.,LTD. is a China-based company, principally engaged in the manufacture and sales of heavy duty equipment. The Company's main products include excavators and coking devices, cranes, train axles and wheel-pairs, rolling mills and forging equipment, gear rotating machinery, coal chemical industry equipment, wind power equipment, oil film bearings and casting and forgings. Its products are applied in metallurgy, mining, energy, transportation, marine, aerospace, chemical, railway, shipbuilding, environmental protection and other industries. The Company distributes its products within domestic market and to overseas markets.