Cosco Shipping Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 26, 2021 at 06:34 am
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COSCO SHIPPING Technology Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 1,520.537 million compared to CNY 1,203.712 million a year ago. Operating income was CNY 216.631 million compared to CNY 116.010 million a year ago. Net income was CNY 192.827 million compared to CNY 96.640 million a year ago. Basic earnings per share from continuing operations was CNY 0.6349 compared to CNY 0.3187 a year ago. Diluted earnings per share from continuing operations was CNY 0.6288 compared to CNY 0.3187 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. 
