Gem-Year Industrial Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 19, 2022 at 08:55 am
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Gem-Year Industrial Co.,Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 2,577.83 million compared to CNY 2,282.54 million a year ago. Revenue was CNY 2,873.87 million compared to CNY 2,521.88 million a year ago. Net income was CNY 215.11 million compared to CNY 502.38 million a year ago. Basic earnings per share from continuing operations was CNY 0.22 compared to CNY 0.56 a year ago. Diluted earnings per share from continuing operations was CNY 0.22 compared to CNY 0.56 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.