Xinyu Iron & Steel Co., Ltd Reports Earnings Results for the Full Year Ended December 31, 2020
April 19, 2021 at 07:12 pm IST
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Xinyu Iron & Steel Co. Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 72,411.934 million compared to CNY 57,903.574 million a year ago. Operating income was CNY 3,436.699 million compared to CNY 4,031.910 million a year ago. Net income was CNY 2,700.185 million compared to CNY 3,413.944 million a year ago. Basic earnings per share from continuing operations was CNY 0.85 compared to CNY 1.07 a year ago.
Xinyu Iron & Steel Co., Ltd. is a China-based company principally engaged in the manufacture and sales of steel products. The Company's principal products include middle plate steel, wire products, deformed steel bar and round bar steel, steel billet, electrical steel, thick plate steel, hot-rolled coil, cold-rolled coil, metal products and coking products. The Company is also engaged in the transportation repair, as well as the construction installation business. The Company mainly distributes its products in domestic and overseas markets.