Riyue Heavy Industry Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 22, 2021 at 01:59 pm IST
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Riyue Heavy Industry Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 1,255.168 million compared to CNY 832.843 million a year ago. Operating income was CNY 313.065 million compared to CNY 155.398 million a year ago. Net income was CNY 272.439 million compared to CNY 130.426 million a year ago. Basic earnings per share from continuing operations was CNY 0.28 compared to CNY 0.18 a year ago. Diluted earnings per share from continuing operations was CNY 0.26 compared to CNY 0.17 a year ago.
Riyue Heavy Industry Co., Ltd. is a China-based company mainly engaged in the research and development, production and sales of large-scale heavy equipment castings. The Company's products include wind castings, plastic machinery castings, diesel castings, machining center castings and other castings. The Company's products are used in heavy equipment in the fields of assembly energy, general machinery and marine engineering. The Company conducts its businesses in domestic and overseas markets.