Xiangyang Automobile Bearing Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2019
October 30, 2019 at 08:20 am
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Xiangyang Automobile Bearing Co., Ltd. announced earnings results for the nine months ended September 30, 2019. For the nine months, the company announced sales was CNY 955.916 million compared to CNY 1,171.996 million a year ago. Operating loss was CNY 21.731 million compared to CNY 15.672 million a year ago. Net loss was CNY 24.055 million compared to CNY 18.915 million a year ago. Basic loss per share from continuing operations was CNY 0.0523 compared to CNY 0.0412 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.