Cosco Shipping Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 27, 2020 at 06:56 am
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COSCO SHIPPING Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 247.823 million compared to CNY 256.378 million a year ago. Operating income was CNY 93.597 million compared to CNY 32.132 million a year ago. Net income was CNY 82.386 million compared to CNY 25.843 million a year ago. Basic earnings per share from continuing operations was CNY 0.2717 compared to CNY 0.0852 a year ago. Diluted earnings per share from continuing operations was CNY 0.27 compared to CNY 0.0852 a year ago.
COSCO SHIPPING Technology Co., Ltd., formerly China Shipping Network Technology Co., Ltd., is a China-based company principally engaged in the provision of computer application services. The Company primarily provides intelligent transportation system integration as well as information technology and scientific management of transportation, such as variable information boards, transportation signal systems, lane controllers, monitoring systems, toll systems, communication systems, video transportation parameter and incident testing systems. The Company also involves in the sale of industrial automation products, such as digital direct current speed-adjustable device control cabinets, alternative current speed-adjustable device control cabinets, boiler control systems, intelligent electrical panel for ships and substation control cabinets, among others. The Company distributes its products within domestic market.
COSCO SHIPPING TECHNOLOGY CO., LTD. 
