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Home > News > Company News > In the first half of 2019, net profit of GEM-YEAR reached 81.67 million RMB

In the first half of 2019, net profit of GEM-YEAR reached 81.67 million RMB

By CFM , 2019-09-23 02:56:17

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Recently, GEM-YEAR announced financial report in the first half of 2019. It is reported that operating income reached 16.46 billion RMB, an increase of 5.98% year on year. Net profit reached 81.67 RMB, an increase of 35.97% year on year.

As reported, the increase of operating income was due to the settlement of railway fasteners. In recent years, GEM-YEAR invests heavily in high-end fasteners. Through upgrading manufacturing and inspection equipment, strong R&D development, GEM-YEAR can provide customers with all-round support, such as design, manufacturing, sale, service, logistics, etc. In addition, by using internet technology and development cross-border e-commerce, market share of GEM-YEAR continues to grow.

For railway fasteners, GEM-YEAR further improves product’s technology content and added value to consolidate core competitiveness. While taking an active part in heavy-load railway construction, GEM-YEAR keeps an eye on the construction of urban railway system, and grasps the opportunity of railway maintenance.

GEM-YEAR is a leading fastener manufacturer in China specialized in producing bolts, nuts and screws. Annual output is more than 200,000 tons.

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