Xingmin Intelligent Transportation Systems Group Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
July 23, 2020 at 05:40 pm IST
Share
Xingmin Intelligent Transportation Systems Group Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 651.756 million compared to CNY 956.729 million a year ago. Operating loss was CNY 131.826 million compared to operating Income of CNY 38.487 million a year ago. Net loss was CNY 100.855 million compared to net income of CNY 21.040 million a year ago. Basic loss per share from continuing operations was CNY 0.16 compared to basic earnings per share from continuing operations of CNY 0.03 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.
XINGMIN INTELLIGENT TRANSPORTATION SYSTEMS (GROUP) CO., LTD. 
