Shanghai Tianyong Engineering Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
August 30, 2021 at 10:07 pm IST
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Shanghai Tianyong Engineering Co., Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was CNY 239.513 million compared to CNY 252.068 million a year ago. Operating income was CNY 11.204 million compared to CNY 16.012 million a year ago. Net income was CNY 11.414 million compared to CNY 15.001 million a year ago. Basic earnings per share from continuing operations was CNY 0.11 compared to CNY 0.14 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.