Add Industry Zhejiang Co., Ltd Reports Earnings Results for the Full Year Ended December 31, 2020
April 22, 2021 at 05:12 am
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ADD Industry Zhejiang CO., LTD announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 1,137.747 million compared to CNY 1,108.868 million a year ago. Operating income was CNY 144.441 million compared to CNY 121.669 million a year ago. Net income was CNY 109.899 million compared to CNY 74.484 million a year ago. Basic earnings per share from continuing operations was CNY 0.52 compared to CNY 0.36 a year ago.
ADD Industry Zhejiang Co Ltd is a China-based company mainly engages in the research, development, production and sales of automotive parts and components such as automotive suspension system shock absorbers, automotive rubber shock absorbing products and engine seals. Automotive suspension system shock absorbers (also known as shock absorbers or damping shock absorbers) are mainly used in automotive suspension systems. Rubber shock absorbing products mainly include suspensions, top rubbers, bushings, dust covers and others. Engine seals mainly include cylinder gaskets, exhaust pipe gaskets, oil pan gaskets, valve cover gaskets, intake manifold gaskets, supercharger gaskets, oil seals and others. The Company mainly conducts its business in the domestic and foreign markets.