Tianjin Ruixin Technology Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 11:52 am
Share
Tianjin Ruixin Technology Co.,Ltd announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 64.832 million compared to CNY 70.791 million a year ago. Operating income was CNY 10.554 million compared to CNY 15.101 million a year ago. Net income was CNY 10.718 million compared to CNY 12.754 million a year ago. Basic earnings per share from continuing operations was CNY 0.13 compared to CNY 0.15 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 
