Gaona Aero Material Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 05, 2020 at 05:12 am
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Gaona Aero Material Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 668.415 million compared to CNY 675.602 million a year ago. Operating income was CNY 136.563 million compared to CNY 122.835 million a year ago. Net income was CNY 88.879 million compared to CNY 86.292 million a year ago. Basic earnings per share from continuing operations was CNY 0.191 compared to CNY 0.1922 a year ago. Diluted earnings per share from continuing operations was CNY 0.1908 compared to CNY 0.1913 a year ago.
Gaona Aero Material Co.,Ltd. is a China-based company principally engaged in the development, design, manufacture and sale of high temperature alloy products. The Companyâs main products include cast alloy products, wrought alloy products, powder alloy products, special alloy products and high-purity and high-strength special alloy products, among others. The Companyâs products are mainly used in aviation and aerospace, large-scale power generation equipment, weapons, energy, petrochemical, pharmaceutical, automotive turbochargers, nuclear energy and ground gas turbines. The Company distributes its products in domestic market, with Northeast China and North China as its main markets.