Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
August 25, 2021 at 11:26 am
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Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was CNY 334.431 million compared to CNY 206.596 million a year ago. Operating income was CNY 59.606 million compared to CNY 41.633 million a year ago. Net income was CNY 52.726 million compared to CNY 35.961 million a year ago. Basic earnings per share from continuing operations was CNY 0.49 compared to CNY 0.48 a year ago.
Zhejiang Songyuan Automotive Safety Systems Co Ltd is a China-based company mainly engaged in the research and development, design, production, sales and service of automotive passive safety system products such as automotive seat belt assemblies and parts and special seat safety devices. The Company's products include bilateral pre-tensioned force-limiting seat belts, unilateral pre-tensioned force-limiting seat belts, emergency locking force-limiting seat belts, ordinary emergency locking seat belts, simple seat belts, car wheelchairs, child seats and agricultural machinery seats. Its products are used in compact cars, mid-sized cars, sport utility vehicles (SUV), multi-purpose vehicles (MPV), buses, trucks, etc. The Company conducts its businesses within the domestic market and to overseas markets such as North America and Europe.