Shanghai Tianyong Engineering Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 28, 2020 at 01:18 am IST
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Shanghai Tianyong Engineering Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 469.936 million compared to CNY 506.064 million a year ago. Operating loss was CNY 52.084 million compared to operating Income of CNY 39.665 million a year ago. Net loss was CNY 40.278 million compared to net income of CNY 36.118 million a year ago. Basic loss per share from continuing operations was CNY 0.3727 compared to basic earnings per share from continuing operations of CNY 0.3392 a year ago.
Shanghai Tianyong Engineering Co., Ltd. is a China-based company principally involved in the research, development, design, manufacture, installation, sales of intelligent automated production lines and intelligent automation equipment, as well as the provision of after-sale training and services. The Company operates through two main segments. The Intelligent Automation Production Lines segmentâs main products include automated assembly lines of the engines, the transmission automatic assembly lines and the white body welding automated production lines. The Intelligent Automation Equipment segmentâs main product include on-line cold testing equipment for engines, on-line thermal testing equipment for engines and engine development testing experiment stands, among others. The segment is also engaged in the provision of engine development testing service.