Qingdao Gaoce Technology Co., Ltd Reports Earnings Results for the Full Year Ended December 31, 2020
April 25, 2021 at 02:29 pm IST
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Qingdao Gaoce Technology Co. Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 746.097 million compared to CNY 714.240 million a year ago. Operating income was CNY 56.549 million compared to CNY 30.005 million a year ago. Net income was CNY 58.863 million compared to CNY 32.021 million a year ago. Basic earnings per share from continuing operations was CNY 0.43 compared to CNY 0.27 a year ago.
Qingdao Gaoce Technology Co Ltd is a China-based company mainly engaged in the research, development, production and sales of cutting equipment for hard and brittle materials and cutting tools. The Company's main products are divided into three categories: cutting equipment for hard and brittle materials, cutting tools for hard and brittle materials and tire testing equipment and consumables, including single silicon cutting machine, multi-silicon squarers, grinding polishing and chamfering machine, diamond wire slicer, diamond wire, tire section cutting machine, tire high-speed & endurance performance testing equipment, tire strength off-ring testing machine, tire water pressure blasting test machine, tire rolling resistance testing machine, tire section cutting wire and others. Its products are used in the cutting of silicon materials in the photovoltaic industry and tire product inspection. The Company operates its businesses within the domestic market and to overseas markets.
QINGDAO GAOCE TECHNOLOGY CO., LTD 
