Xinyu Iron & Steel Co., Ltd Reports Earnings Results for the Nine Months Ended September 30, 2020
October 30, 2020 at 03:27 pm IST
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Xinyu Iron & Steel Co. Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 51,927.583 million compared to CNY 41,324.465 million a year ago. Operating income was CNY 2,277.457 million compared to CNY 3,053.594 million a year ago. Net income was CNY 1,886.912 million compared to CNY 2,646.818 million a year ago. Basic earnings per share from continuing operations was CNY 0.59 compared to CNY 0.83 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.