Cosco Shipping Technology Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 21, 2020 at 05:54 am
Share
COSCO SHIPPING Technology Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 584.811 million compared to CNY 521.348 million a year ago. Operating income was CNY 148.001 million compared to CNY 63.248 million a year ago. Net income was CNY 129.565 million compared to CNY 49.577 million a year ago. Basic earnings per share from continuing operations was CNY 0.4263 compared to CNY 0.1635 a year ago. Diluted earnings per share from continuing operations was CNY 0.4232 compared to CNY 0.1635 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. 
