Weichai Heavy Machinery Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 29, 2020 at 05:06 am EDT
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Weichai Heavy Machinery Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 2,294.572 million compared to CNY 1,981.305 million a year ago. Operating income was CNY 84.784 million compared to CNY 67.202 million a year ago. Net income was CNY 86.731 million compared to CNY 62.940 million a year ago. Basic earnings per share from continuing operations was CNY 0.31 compared to CNY 0.23 a year ago.
Weichai Heavy Machinery Co Ltd is a China-based company mainly engaged in the development, manufacture and sales of 30-12,000 horsepower medium and high-speed diesel engines, generator sets and power integration systems for the marine power and power generation equipment markets. The Company's generator sets are used in communication, petroleum, medical, plateau, railway, field rescue, agriculture and animal husbandry fields. The Company also provides diesel engine parts, marine gearbox accessories and other products. The Company distributes its products within domestic and to overseas markets.