Tianjin Ruixin Technology Co.,Ltd Reports Earnings Results for the Full Year Ended December 31, 2020
April 12, 2021 at 08:53 am
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Tianjin Ruixin Technology Co.,Ltd announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 368.479 million compared to CNY 333.808 million a year ago. Operating income was CNY 70.294 million compared to CNY 71.671 million a year ago. Net income was CNY 65.748 million compared to CNY 62.566 million a year ago. Basic earnings per share from continuing operations was CNY 0.65 compared to CNY 0.76 a year ago.
Tianjin Ruixin Technology Co Ltd, formerly Tianjin Ruixin Light Alloy Co Ltd, is a China-based company mainly engaged in the research, development, production and sales of industrial precision aluminum alloy components. The Company's products are mainly functional and structural components, such as power electronic radiators, automation equipment and medical equipment precision components and automotive lightweight components, including inverter radiators, precision aluminum alloy motor housings, laser cutting machine components, aluminum alloy medical equipment side rails, car bumpers and others. Its products are used in inverters, inverters, communication base stations, automated machinery and equipment, various industrial special motors, large medical equipment, transmission vehicles and new energy vehicles. The Company conducts its businesses within the China market and to overseas markets.
TIANJIN RUIXIN TECHNOLOGY CO.,LTD 
