Jiangmen Kanhoo Industry Co., Ltd Reports Earnings Results for the Nine Months Ended September 30, 2020
October 29, 2020 at 09:19 am
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Jiangmen Kanhoo Industry Co. Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,189.051 million compared to CNY 1,280.086 million a year ago. Operating loss was CNY 94.256 million compared to operating Income of CNY 24.481 million a year ago. Net loss was CNY 69.853 million compared to net income of CNY 20.396 million a year ago. Basic loss per share from continuing operations was CNY 0.3293 compared to basic earnings per share from continuing operations of CNY 0.0961 a year ago.
Jiangmen Kanhoo Industry Co., Ltd. is principally engaged in the research, development, manufacture and distribution of rare earth luminescent materials and lithium battery materials. The Company primarily provides rare earth luminescent materials for power-saving lamps, which are applied in the manufacture of power lamps and rare earth luminescent materials for new-emerging industries, including rare earth luminescent materials for flat panel displays and specialty light sources, which are applied in the manufacture of liquid crystal displays (LCDs), plasma display panels (PDPs) and specialty-use lamps, such as cold cathode fluorescent lamps (CCFLs), light emitting diodes (LEDs), full spectrum lighting lamps, white light LED solid-state lamps, lamps for plants and ultraviolet healthcare lamps, among others. The Company also provides LED fluorescent material and cathode materials for lithium batteries, among others. The Company distributes its products in domestic and overseas markets.
JIANGMEN KANHOO INDUSTRY CO., LTD 
