Longhua Technology Group Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 13, 2021
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Longhua Technology Group Co.,Ltd. announced earnings results for the nine months ended September 30, 2021. For the nine months, the company announced total revenue was CNY 1,523.924 million compared to CNY 1,246.355 million a year ago. Operating income was CNY 247.416 million compared to CNY 229.357 million a year ago. Net income was CNY 202.786 million compared to CNY 173.164 million a year ago. Basic earnings per share from continuing operations was CNY 0.2218 compared to CNY 0.1894 a year ago.
Longhua Technology Group Luoyang Co Ltd, formerlyLuoyang Longhua Heat Transfer & Energy Conservation Co Ltd, is a China-based company mainly engaged in the research and development and innovation of energy-saving and environmental protection equipment. The Company mainly operates three businesses. Energy conservation and environmental protection business includes industrial heat transfer energy conservation business, environmental protection business and extraction and separation business. The electronic new materials business is engaged in the research, development and production of high-purity molybdenum and molybdenum alloy targets, silver alloy targets and other products, which are used in the nuclear industry, single crystal silicon and other fields. The polymer composite material business's products include resin composite materials, structural foam materials and other structural and functional integrated materials.