Harbin Air Conditioning Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 21, 2020 at 06:10 am EDT
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Harbin Air Conditioning Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 157.303 million compared to CNY 164.564 million a year ago. Operating income was CNY 5.233 million compared to CNY 8.745 million a year ago. Net income was CNY 5.245 million compared to CNY 8.520 million a year ago. Basic earnings per share from continuing operations was CNY 0.0137 compared to CNY 0.0222 a year ago.
Harbin Air Conditioning Co., Ltd. is a China-based company principally engaged in the development, manufacture and distribution of air coolers. The Company's major products are air coolers for petrochemical factories and air coolers for power plants. Its air coolers for petrochemical factories are applied in condensation and cooling of industry mediums in petrochemical, coal chemical, metallurgical and other industries. Its air coolers for power plants are applied in cooling of waste steam in steam turbines. In addition, the Company also engages in the design, manufacture and sales of nuclear power station air handling units and other industrial air conditioning products. The Company distributes its products within domestic market and to overseas markets.
HARBIN AIR CONDITIONING CO.,LTD. 
