Anshan Heavy Duty Mining Machinery Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 27, 2020 at 05:03 am
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Anshan Heavy Duty Mining Machinery Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 22.850 million compared to CNY 65.575 million a year ago. Operating loss was CNY 782,042 compared to operating Income of CNY 14.563 million a year ago. Net loss was CNY 1.809 million compared to net income of CNY 11.772 million a year ago. Basic loss per share from continuing operations was CNY 0.01 compared to basic earnings per share from continuing operations of CNY 0.05 a year ago.
Willing New Energy Co Ltd, formerly Anshan Heavy Duty Mining Machinery Co Ltd, is a China-based company mainly engaged in lithium battery new energy business. The Company's main businesses include lithium ore beneficiation, basic lithium battery raw material lithium salt processing and smelting business, as well as construction machinery and equipment manufacturing business. The construction machinery manufacturing business is mainly engaged in the research and development, manufacturing, sales and service of mining, construction and road construction machinery and equipment. The Company's main products include lepidolite and lithium carbonate. The Company's products are ultimately used in new energy vehicles, energy storage fields, among others.