Jiangsu Guomao Reducer Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 27, 2020 at 02:04 pm IST
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Jiangsu Guomao Reducer Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 992.118 million compared to CNY 944.458 million a year ago. Operating income was CNY 173.820 million compared to CNY 137.617 million a year ago. Net income was CNY 151.578 million compared to CNY 120.568 million a year ago. Basic earnings per share from continuing operations was CNY 0.33 compared to CNY 0.32 a year ago.
Jiangsu Guomao Reducer Co., Ltd. is a China-based company principally engaged in the research and development, production and sales of reducers. The Company's main products are reducers, which includes gear reducers (including modular reducers and high-power reducers) and cycloidal pin wheel reducers. The Company's products are widely used in various fields of national economy such as environmental protection, construction, electricity, chemicals, food, logistics, plastics, rubber, mining, metallurgy, petroleum, cement, shipbuilding, water conservancy, textile, printing and dyeing, feed and pharmaceutical. In addition, The Company also provides accessories and Maintenance modification services. The Company mainly distributes its products in the domestic market.
JIANGSU GUOMAO REDUCER CO., LTD. 
