Xinyu Iron & Steel Co., Ltd Reports Earnings Results for the Half Year Ended June 30, 2020
August 21, 2020 at 03:17 pm IST
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Xinyu Iron & Steel Co. Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 31,878.119 million compared to CNY 26,376.364 million a year ago. Operating income was CNY 1,351.336 million compared to CNY 2,122.424 million a year ago. Net income was CNY 1,093.718 million compared to CNY 1,839.136 million a year ago. Basic earnings per share from continuing operations was CNY 0.343 compared to CNY 0.577 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.