Sinoseal Holding Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 09, 2021 at 05:56 pm IST
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Sinoseal Holding Co.,Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 92,430.65 compared to CNY 88,834.42 a year ago. Operating income was CNY 23,911.97 compared to CNY 25,512.69 a year ago. Net income was CNY 21,094.07 compared to CNY 22,084.6 a year ago. Basic earnings per share from continuing operations was CNY 1.09 compared to CNY 1.15 a year ago.
Sinoseal Holding Co., Ltd., formerly Sichuan Sunny Seal Co., LTD. is a China-based company engaged in the design, research and development, manufacture and distribution of mechanical seals. The Company's products are divided into dry gas seals and mechanical seals. Mechanical seals include high pressure mechanical seals, mechanical seals for granular medium and high speed mechanical seals, among others. The products are mainly installed in compressors, pumps, reactors and other hosts, which are widely used in petrochemical, coal chemical and other industries. The Company also provides technology consultation, technical training, field installation, maintenance and other services.