Gem-Year Industrial Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 27, 2021 at 05:22 am
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Gem-Year Industrial Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 2,197.1 million compared to CNY 1,759.91 million a year ago. Revenue was CNY 2,197.1 million compared to CNY 1,759.91 million a year ago. Net income was CNY 205.22 million compared to CNY 106.9 million a year ago. Basic earnings per share from continuing operations was CNY 0.215 compared to CNY 0.121 a year ago. Diluted earnings per share from continuing operations was CNY 0.215 compared to CNY 0.121 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.