Zhejiang Jiuli Hi-Tech Metals Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 26, 2021 at 03:12 pm IST
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Zhejiang Jiuli Hi-Tech Metals Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 4,955.246 million compared to CNY 4,436.860 million a year ago. Operating income was CNY 903.577 million compared to CNY 591.409 million a year ago. Net income was CNY 771.525 million compared to CNY 500.039 million a year ago. Basic earnings per share from continuing operations was CNY 0.91 compared to CNY 0.59 a year ago. Diluted earnings per share from continuing operations was CNY 0.81 compared to CNY 0.55 a year ago.
Zhejiang JIULI Hi-tech Metals Co. , Ltd. is a China-based company principally engaged in the research, development, production and distribution of industrial stainless steel seamless pipes and special alloy pipes and fittings. The Companyâs main products include nuclear power pipes, supercritical boiler tubes, nickel-based alloy oil well pipes, precision tubes, bimetallic composite pipes, duplex phase stainless steel tubes and instrumentation pipes, among others. The Company's products are mainly applied in petroleum, chemical, natural gas, electric equipment manufacturing and other industries. The Company distributes its products in domestic market and to overseas markets.