Cosco Shipping Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 27, 2020 at 06:51 am
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COSCO SHIPPING Technology Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,009.208 million compared to CNY 804.008 million a year ago. Operating income was CNY 184.248 million compared to CNY 89.588 million a year ago. Net income was CNY 159.838 million compared to CNY 73.385 million a year ago. Basic earnings per share from continuing operations was CNY 0.5261 compared to CNY 0.242 a year ago. Diluted earnings per share from continuing operations was CNY 0.5215 compared to CNY 0.242 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. 
