Gem-Year Industrial Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 02:06 pm
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Gem-Year Industrial Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 298.185 million compared to CNY 1,049.710 million a year ago. Operating income was CNY 8.194 million compared to CNY 95.205 million a year ago. Net income was CNY 9.645 million compared to CNY 72.589 million a year ago. Basic earnings per share from continuing operations was CNY 0.01 compared to CNY 0.09 a year ago.
GEM-YEAR INDUSTRIAL CO., LTD. is a China-based company, principally engaged in the research and development, manufacture and distribution of mechanical basic parts. The Company mainly provides various types of fasteners, metal products, wire drawings and railway fasteners. The Company provides nuts, bolts, screws, thread rods and non-standard specialty fastening products, among others. The Company's products are applied in several industries, such as road and railway transportation, electric power, automobiles, motors, household electrical appliances and furniture. The Company distributes its products within domestic market and to overseas markets.
GEM-YEAR INDUSTRIAL CO.,LTD. 
