Xiangyang Automobile Bearing Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 28, 2020 at 09:28 am
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Xiangyang Automobile Bearing Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 548.469 million compared to CNY 721.277 million a year ago. Operating loss was CNY 40.942 million compared to operating Income of CNY 2.686 million a year ago. Net loss was CNY 31.266 million compared to net income of CNY 516,065.19 a year ago. Basic loss per share from continuing operations was CNY 0.068 compared to basic earnings per share from continuing operations of CNY 0.001 a year ago.
XIANGYANG AUTOMOBILE BEARING COMPANY., LTD is a China-based company principally engaged in the manufacture, research and development, sales of bearings and accessories, automobile spare parts, mechanical and electronic devices, bearing equipment and components. The Company mainly provides bearings and universal joints, including deep groove ball bearings, needle bearings, cylindrical roller bearings, clutch separate bearings, tapered roller bearings, cross shafts, automobile hub bearings, constant velocity universal joints and others. The Company mainly distributes its products in domestic and overseas markets.
XIANGYANG AUTOMOBILE BEARING CO., LTD. 
