Zhejiang Changsheng Sliding Bearings Co., Ltd. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
April 24, 2021
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Zhejiang Changsheng Sliding Bearings Co., Ltd. announced earnings results for the fourth quarter ended December 31, 2020. For the year, the company announced sales was CNY 655.249 million compared to CNY 600.840 million a year ago. Operating income was CNY 171.299 million compared to CNY 150.823 million a year ago. Net income was CNY 145.320 million compared to CNY 127.906 million a year ago. Basic earnings per share from continuing operations was CNY 0.73 compared to CNY 0.65 a year ago. For the quarter, sales was CNY 221.755 million compared to CNY 130.757 million a year ago. Operating income was CNY 48.495 million compared to CNY 32.001 million a year ago. Net income was CNY 41.189 million compared to CNY 26.669 million a year ago. Basic earnings per share from continuing operations was CNY 0.21 compared to CNY 0.13 a year ago. Diluted earnings per share from continuing operations was CNY 0.2 compared to CNY 0.13 a year ago.
Zhejiang Changsheng Sliding Bearings Co Ltd is a company engaged in research, development, production and sales of self-lubricating bearings. The Company's products are comprised of metal-plastic polymer self-lubricating rolled bearings, bimetallic boundary lubricating rolled bearings, metal-based self-lubricating bearings, copper-based boundary lubricating rolled bearings, non-metallic self-lubricating bearings and other bearings. The products are used in a range of industries, including automobiles, engineering machinery, port machinery, plastic machinery, agricultural machinery and so on. The Company sells its products to both domestic and international markets, including South Korea, Germany, Britain, Italy, France and Sweden.
ZHEJIANG CHANGSHENG SLIDING BEARINGS CO., LTD. 
