Jinneng Science & Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 02:11 pm
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Jinneng Science & Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 1,947.646 million compared to CNY 1,998.647 million a year ago. Operating income was CNY 272.264 million compared to CNY 158.591 million a year ago. Net income was CNY 237.466 million compared to CNY 145.513 million a year ago. Basic earnings per share from continuing operations was CNY 0.35 compared to CNY 0.22 a year ago. Diluted earnings per share from continuing operations was CNY 0.34 compared to CNY 0.22 a year ago.
Jinneng Science & Technology Co Ltd is a China-based company mainly engaged in the production and sales of chemical products. The Company's main businesses include fine chemicals, coal chemicals, and petrochemicals. The Company mainly integrates coking and chemical production, coal tar deep processing and carbon black production, p-cresol production, sour alkali and white carbon black production, sorbic acid and potassium sorbate production, methanol co-production of synthetic ammonia, gas turbine combined cycle thermal power co-production and other businesses are integrated. The Company's main products include coke, carbon black, white carbon black, sorbic acid and potassium sorbate, p-methyl phenol, methanol, pure benzene, etc., mainly used in steel, automobiles, plastics, chemical fiber, food, medicine and other industries. The Company distributes its products within the domestic market and to overseas market.
JINNENG SCIENCE&TECHNOLOGY CO.,LTD 
