Ningbo Tip Rubber Technology Co., Ltd Reports Earnings Results for the Half Year Ended June 30, 2020
August 11, 2020 at 09:43 pm IST
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Ningbo TIP Rubber Technology Co. Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 127.476 million compared to CNY 168.826 million a year ago. Operating income was CNY 24.478 million compared to CNY 37.403 million a year ago. Net income was CNY 21.705 million compared to CNY 32.139 million a year ago. Basic earnings per share from continuing operations was CNY 0.22 compared to CNY 0.32 a year ago.
Ningbo Tip Rubber Technology Co Ltd is a China-based company mainly engaged in the research, development, production and sales of automotive polymer fluid piping systems and sealing system parts and assemblies. The Company provides rubber hoses and assembly products for automobile manufacturers and their first-tier suppliers. The Company's products are divided into five categories: automotive engine systems and parts, body systems and parts, chassis systems and parts, electrical and electronic equipment and general parts, including radiator tubes, turbocharger hoses, crankcase ventilation system, oil cooling pipe, vacuum solenoid valve pipe, automobile fuel system hose and assembly, automobile air conditioning system hose and assembly, automobile power steering system hose and assembly, other body accessory system hoses, sealing tape, dustproof and shock absorbers, etc. The Company operates its businesses within the domestic market and to overseas markets.
NINGBO TIP RUBBER TECHNOLOGY CO.,LTD 
