Essence Fastening Systems Shanghai Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
August 23, 2021
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Essence Fastening Systems Shanghai Co., Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced total revenue was CNY 192.532 million compared to CNY 139.736 million a year ago. Operating income was CNY 44.601 million compared to CNY 34.437 million a year ago. Net income was CNY 39.337 million compared to CNY 29.723 million a year ago. Basic earnings per share from continuing operations was CNY 0.87 compared to CNY 0.69 a year ago.
Essence Fastening Systems Shanghai Co Ltd is a China-based company mainly engaged in the research, development, production and sales of high-strength precision fasteners and special-shaped connectors. The Company mainly operates two reporting segments: Metal Parts segment, including screws and bolts, special-shaped connectors and gaskets, and nuts; and the Plastic Fastener segment, including wire ties, dust caps, etc. The Company's products are mainly used in the connection and fastening of key automotive components of automotive engine turbocharging systems, shift parking control systems, automotive exhaust systems, automotive seats, car lights and rearview mirrors, its products are also used in electronic appliances, communications and other industries.
ESSENCE FASTENING SYSTEMS (SHANGHAI) CO., LTD. 
