Zhe Jiang Hai Liang Co., Ltd Reports Earnings Results for the Full Year Ended December 31, 2020
April 14, 2021 at 06:17 pm IST
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Zhe Jiang Hai Liang Co. Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 4.655 million compared to CNY 4.125 million a year ago. Operating income was CNY 89,161.61 compared to CNY 115,165.89 a year ago. Net income was CNY 67,546.51 compared to CNY 106,340.28 a year ago. Basic earnings per share from continuing operations was CNY 0.3543 compared to CNY 0.5567 a year ago.
Zhejiang Hailiang Co Ltd is a China-based company mainly engaged in the research and development, production, manufacturing and sales of copper tubes, copper rods, copper foil, copper tube fittings, conductor materials, aluminum profiles and other products. The Company conducts its business through three segments. The Copper and Aluminum Processing Business segment produces copper tubes, copper rods, copper bars and copper foil and other copper and aluminum products. The Environmental Protection Materials Business segment is engaged in the research and development, production and sales of environmental protection materials and others. The Company also conducts business through the Loan Business segment. The Company's products are used in air conditioning and refrigerator refrigeration, traditional and new energy vehicles, building water pipes, seawater desalination and other industries. The Company mainly conducts business in the domestic and foreign markets.