Nanjing Baose Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 27, 2020 at 07:33 am EDT
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Nanjing Baose Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 545.473 million compared to CNY 404.255 million a year ago. Operating income was CNY 15.741 million compared to CNY 9.701 million a year ago. Net income was CNY 18.785 million compared to CNY 12.132 million a year ago. Basic earnings per share from continuing operations was CNY 0.093 compared to CNY 0.0601 a year ago.
Nanjing Baose Co Ltd is a China-based company mainly engaged in the research and development, design, manufacturing, installation, service and technical consulting of special materials non-standard pressure vessel equipment such as titanium, nickel, zirconium, tantalum, copper and their alloys, high-grade stainless steel and metal composite materials. The Company's business also includes the manufacture and installation of non-ferrous metal welded pressure pipes and pipe fittings. The products are mainly used in industries with anti-corrosion, high-pressure and high-temperature resistant equipment requirements. The Company's products are large-scale special non-standard equipment, mainly including heat exchangers, towers, reactors and other pressure vessels and pipe fittings and others, which are used to complete the production process of reaction, mass transfer, heat transfer, separation and storage in projects in the chemical, energy, metallurgy, electricity, environmental protection, marine engineering and shipbuilding industries.