Aecc Aero Science and Technology Co.,Ltd Reports Earnings Results for the Full Year Ended December 31, 2020
March 29, 2021 at 09:14 am
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Aecc Aero Science and Technology Co.,Ltd announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 2,721.058 million compared to CNY 3,383.546 million a year ago. Operating income was CNY 14.864 million compared to CNY 47.153 million a year ago. Net loss was CNY 16.026 million compared to net income of CNY 22.577 million a year ago. Basic loss per share from continuing operations was CNY 0.05 compared to basic earnings per share from continuing operations of CNY 0.07 a year ago.
AECC Aero Science and Technology Co Ltd is a China-based company principally engaged in the research and development, manufacturing, sales and service of aircraft engine and gas turbine parts. The Company's main businesses include domestic aviation and derivative products business segment and foreign trade subcontract products business segment. The Company is also engaged in the research and development, manufacturing, sales and service of aviation bearings, including aircraft engine bearings, helicopter transmission system bearings, aircraft body bearings and accessory bearings (motors, pumps and others). The Company distributes its products within the domestic market and to overseas markets.