Jiangyin Electrical Alloy Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 24, 2020 at 11:31 am
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Jiangyin Electrical Alloy Co.,Ltd announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 240.852 million compared to CNY 416.498 million a year ago. Operating income was CNY 19.361 million compared to CNY 41.676 million a year ago. Net income was CNY 15.003 million compared to CNY 32.480 million a year ago. Basic earnings per share from continuing operations was CNY 0.0721 compared to CNY 0.1562 a year ago.
Jiangyin Electrical Alloy Co Ltd is a company mainly engaged in research, development, production and sales of copper and copper alloy products. The Company's products are comprised of electrified railway catenary series products and copper busbar series products. The electrified railway contact network products include railway contact lines and load-bearing cables, which are used in electrified railway areas, such as high-speed railways. The copper busbar series products include copper busbars and deep-processed copper parts, which are used in the fields of power generation, transmission and distribution.
JIANGYIN ELECTRICAL ALLOY CO.,LTD 
