Hengda New Materials Fujian Co.,Ltd Reports Earnings Results for the Nine Months Ended September 30, 2020
January 25, 2021 at 07:27 pm IST
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Hengda New Materials Fujian Co.,Ltd announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 276.522 million compared to CNY 272.655 million a year ago. Operating income was CNY 64.084 million compared to CNY 60.261 million a year ago. Net income was CNY 75.996 million compared to CNY 52.359 million a year ago. Basic earnings per share from continuing operations was CNY 1.52 compared to CNY 1.05 a year ago.
Hengda New Materials Fujian Co Ltd is a China-based company mainly engaged in the research and development, production and sales of metal cutting tools, intelligent computer numerical control (CNC) equipment and rolling functional components. The metal cutting tools include die cutting tools and sawing tools. The intelligent CNC equipment mainly includes CNC fully automatic circular saw machines, flexible material intelligent cutting machines and high-speed CNC band saws. The rolling functional components are mainly linear guide pairs. The Companyâs products are mainly used in domestic industrial robots, military equipment, nuclear power equipment, aerospace, rail transportation, high-end medical and other fields. The Company mainly operates in the domestic market.
HENGERDA NEW MATERIALS (FUJIAN) CO., LTD. 
