Industry Activities
Gem-Year (China) Sales of Railway Fasteners Down in H1 2020
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2020-09-18
Gem-Year Industrial's revenue in the first half of 2020 landed at RMB 1,011,185,581, down 38.55% over the last same period. Net profit at RMB 54,198,829, down 33.64%. Net assets at RMB 3,471,963,337, up 27.84%.
The downward revenues were mainly due to declined sales of railway fasteners. Additionally, Q1 revenue plummeted 71.59% as a result of the pandemic impact, but the revenue in Q2 grew 19.64% from resumed production. Railway fastener shipment in Q1 was subject to the pandemic but came back to normal in Q2.
晉億
鐵道扣件
營收下滑
Gem Year
railway fastener
revenue decline
Industry Activities
2020-09-23