Sinoseal Holding Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
August 26, 2021 at 05:19 pm IST
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Sinoseal Holding Co.,Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was CNY 568.620 million compared to CNY 426.328 million a year ago. Operating income was CNY 160.317 million compared to CNY 105.196 million a year ago. Net income was CNY 138.292 million compared to CNY 95.743 million a year ago. Basic earnings per share from continuing operations was CNY 0.6803 compared to CNY 0.4942 a year ago. Diluted earnings per share from continuing operations was CNY 0.6744 compared to CNY 0.4942 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.