Friend Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
January 14, 2021 at 02:49 am
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Friend Co.,Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was CNY 6,689.183 million compared to CNY 5,480.958 million a year ago. Operating income was CNY 416.646 million compared to CNY 373.443 million a year ago. Net income was CNY 307.741 million compared to CNY 279.166 million a year ago. Basic earnings per share from continuing operations was CNY 0.81 compared to CNY 0.78 a year ago.
Friend Co Ltd is a China-based company that provides complete steel logistics supply chain services for mid- to high-end automotive, home appliance and other industries or their supporting manufacturers. Its supply chain services include procurement, processing, warehousing, cutting, packaging, transportation and distribution, etc., as well as corresponding technical support services. The Company's products are divided into processing and distribution steel and non-processing and distribution steel, including galvanized steel, cold rolled steel, hot rolled steel, electrical steel, color coated steel and other steel coils or sheets. Its related products are used in the production of metal parts such as high-end automobiles and home appliance manufacturing. The Company mainly conducts its businesses in the China market.
FRIEND CO.,LTD. 
