Shenzhen Vital New Material Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
September 05, 2022
Share
Shenzhen Vital New Material Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was CNY 308.11 million compared to CNY 183.51 million a year ago. Revenue was CNY 308.11 million compared to CNY 183.51 million a year ago. Net income was CNY 16.19 million compared to CNY 21.69 million a year ago. Basic earnings per share from continuing operations was CNY 0.37 compared to CNY 0.49 a year ago. Diluted earnings per share from continuing operations was CNY 0.37 compared to CNY 0.49 a year ago.
For the six months, sales was CNY 579.45 million compared to CNY 346.12 million a year ago. Revenue was CNY 583.92 million compared to CNY 349.79 million a year ago. Net income was CNY 38.96 million compared to CNY 37.01 million a year ago. Basic earnings per share from continuing operations was CNY 0.89 compared to CNY 0.84 a year ago. Diluted earnings per share from continuing operations was CNY 0.89 compared to CNY 0.84 a year ago.
Shenzhen Vital New Material Co Ltd is a China-based company principally engaged in the research and development, production and sales of microelectronic welding materials. The Company's main products include solder paste, solder wire, solder bar and other microelectronic soldering materials, as well as flux, cleaning agent and other auxiliary soldering materials. The Company's products are mainly used in consumer electronics, light-emitting diodes (LED), smart home appliances, communications, computers, industrial control, photovoltaics, automotive electronics, security and other fields. The Company principally conducts its businesses in domestic and overseas markets.
SHENZHEN VITAL NEW MATERIAL CO., LTD. 
