Gem-Year Industrial Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 27, 2020 at 06:35 am EDT
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Gem-Year Industrial Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,759.913 million compared to CNY 2,355.809 million a year ago. Operating income was CNY 133.345 million compared to CNY 166.105 million a year ago. Net income was CNY 106.895 million compared to CNY 126.408 million a year ago. Basic earnings per share from continuing operations was CNY 0.121 compared to CNY 0.159 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. 
