Gem-Year Industrial Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 19, 2021 at 08:50 am EDT
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Gem-Year Industrial Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 2,521.879 million compared to CNY 2,947.098 million a year ago. Operating income was CNY 561.263 million compared to CNY 167.632 million a year ago. Net income was CNY 502.378 million compared to CNY 138.501 million a year ago. Basic earnings per share from continuing operations was CNY 0.56 compared to CNY 0.17 a year ago.
GEM-YEAR INDUSTRIAL CO., LTD. is a China-based company, principally engaged in the research and development, manufacture and distribution of mechanical basic parts. The Company mainly provides various types of fasteners, metal products, wire drawings and railway fasteners. The Company provides nuts, bolts, screws, thread rods and non-standard specialty fastening products, among others. The Company's products are applied in several industries, such as road and railway transportation, electric power, automobiles, motors, household electrical appliances and furniture. The Company distributes its products within domestic market and to overseas markets.
GEM-YEAR INDUSTRIAL CO.,LTD. 
