Jiangxi Guotai Group Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 27, 2020 at 10:24 am
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Jiangxi Guotai Group Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,160.446 million compared to CNY 1,017.307 million a year ago. Operating income was CNY 190.073 million compared to CNY 138.784 million a year ago. Net income was CNY 144.369 million compared to CNY 114.981 million a year ago. Basic earnings per share from continuing operations was CNY 0.26 compared to CNY 0.21 a year ago. Diluted earnings per share from continuing operations was CNY 0.25 compared to CNY 0.21 a year ago.
Jiangxi Guotai Group Co., Ltd., formerly Jiangxi Guotai Industrial Explosive Group Co., Ltd., is a China-based company principally engaged in the research, development, manufacture and distribution of civil explosive products and the provision of blasting services. The Companyâs products include industrial explosives, industrial detonators, as well as industrial detonating cords, among others. The Companyâs products are applied in the mining operations, infrastructure construction and other related fields. The Company is also involved in the development of blasting operation video surveillance platform and the provision of engineering installation services. The Company mainly operates its business in domestic market.
JIANGXI GUOTAI GROUP CO.,LTD. 
