Cosco Shipping Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
March 27, 2020 at 08:19 am
Share
COSCO SHIPPING Technology Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 1,203.712 million compared to CNY 980.054 million a year ago. Operating income was CNY 116.010 million compared to CNY 99.559 million a year ago. Net income was CNY 96.640 million compared to CNY 83.190 million a year ago. Basic earnings per share from continuing operations was CNY 0.3187 compared to CNY 0.2743 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. 
