Kingfa Sci. & Tech. Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 27, 2021 at 08:24 am
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Kingfa Sci. & Tech. Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 9,057.347 million compared to CNY 5,536.313 million a year ago. Operating income was CNY 906.021 million compared to CNY 202.788 million a year ago. Net income was CNY 764.528 million compared to CNY 141.897 million a year ago. Basic earnings per share from continuing operations was CNY 0.2971 compared to CNY 0.0551 a year ago.
Kingfa Sci&Tech Co Ltd is a China-based company mainly engaged in the research and development, production and sales of new chemical materials. The Company is also engaged in the production and sales of medical consumables. The Company's main products include modified plastics, environmentally friendly high-performance recycled plastics, fully biodegradable plastics, special engineering plastics, carbon fiber and composite materials, light hydrocarbons and hydrogen energy, polypropylene resins, styrene resins and medical health polymer materials products. The Company's products are widely used in automobiles, home appliances, electronics and electrical engineering, communications electronics, new infrastructure, new energy, modern agriculture, modern logistics, rail transportation, aerospace, high-end equipment, medical health and other industries.