Nanjing Develop Advanced Manufacturing Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 29, 2021 at 09:18 am
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Nanjing Develop Advanced Manufacturing Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 386.1 million compared to CNY 564.82 million a year ago. Revenue was CNY 386.1 million compared to CNY 564.82 million a year ago. Net income was CNY 27.83 million compared to CNY 70.33 million a year ago. Basic earnings per share from continuing operations was CNY 0.14 compared to CNY 0.43 a year ago. Diluted earnings per share from continuing operations was CNY 0.14 compared to CNY 0.43 a year ago.
Nanjing Develop Advanced Manufacturing Co Ltd is a China-based company mainly engaged in research, development, production and sales of special parts for oil and gas equipment. The Company has four major product series: special parts for wellheads and Christmas trees, special parts for deep-sea equipment, special parts for fracturing equipment and special parts for drilling and production equipment. Its products are used in oil and gas equipment fields such as onshore wellheads, deep sea drilling, shale gas fracturing, high-pressure fluid transportation, etc. The Company conducts its businesses within the domestic market and to overseas markets.
NANJING DEVELOP ADVANCED MANUFACTURING CO., LTD. 
