Anshan Heavy Duty Mining Machinery Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 27, 2020 at 02:43 pm IST
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Anshan Heavy Duty Mining Machinery Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 101.304 million compared to CNY 172.544 million a year ago. Operating income was CNY 14.714 million compared to CNY 28.470 million a year ago. Net income was CNY 12.061 million compared to CNY 22.266 million a year ago. Basic earnings per share from continuing operations was CNY 0.05 compared to CNY 0.1 a year ago.
Willing New Energy Co Ltd, formerly Anshan Heavy Duty Mining Machinery Co Ltd, is a China-based company mainly engaged in lithium battery new energy business. The Company's main businesses include lithium ore beneficiation, basic lithium battery raw material lithium salt processing and smelting business, as well as construction machinery and equipment manufacturing business. The construction machinery manufacturing business is mainly engaged in the research and development, manufacturing, sales and service of mining, construction and road construction machinery and equipment. The Company's main products include lepidolite and lithium carbonate. The Company's products are ultimately used in new energy vehicles, energy storage fields, among others.