Xi'an Shaangu Power Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 27, 2020 at 05:10 am EDT
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Xi'an Shaangu Power Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 3,923.279 million compared to CNY 3,640.474 million a year ago. Operating income was CNY 508.728 million compared to CNY 455.388 million a year ago. Net income was CNY 376.183 million compared to CNY 346.487 million a year ago. Basic earnings per share from continuing operations was CNY 0.22 compared to CNY 0.21 a year ago.
XiAn Shaangu Power Co Ltd is a China-based company primarily engaged in the development, manufacture and sale of energy conversion equipment. The Company operates through three segments. The Energy Conversion Equipment segment produces products such as axial compressors, centrifugal compressors, compressors for air separation, turbine blower units for industrial process energy recovery turbines and others. The Industrial Services segment provides spare parts services, maintenance and repair, remote online services and energy-saving services. The Energy Infrastructure Operations segment is primarily engaged in gas operations. The Company primarily operates in the domestic and foreign markets.