Xingmin Intelligent Transportation Systems Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 15, 2021 at 09:20 am IST
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Xingmin Intelligent Transportation Systems Group Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 1,501.915 million compared to CNY 1,832.114 million a year ago. Operating loss was CNY 495.016 million compared to operating Income of CNY 21.882 million a year ago. Net loss was CNY 412.969 million compared to net income of CNY 11.990 million a year ago. Basic loss per share from continuing operations was CNY 0.67 compared to basic earnings per share from continuing operations of CNY 0.02 a year ago.
Xingmin Intelligent Transportation Systems (Group) Co., Ltd., formerly Shandong Xingmin Wheel Co., LTD., is a China-based company, principally engaged in the research and development, manufacture and distribution of automobile steel wheels. The Company mainly provides automobile steel wheels under the brand named Xingmin, including tubeless steel wheels and steel wheels with tube, among others. The Company also provides automotive information hardware products, as well as car networking system solutions and operational services. Its products and services also include on-board wireless and integrated products, driving design and services and scraps. The Company distributes its products within domestic market and to overseas markets.