Suzhou Xingye Materials Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 05:38 am
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Suzhou Xingye Materials Technology Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 257.694 million compared to CNY 313.587 million a year ago. Operating income was CNY 30.966 million compared to CNY 42.217 million a year ago. Net income was CNY 25.153 million compared to CNY 34.812 million a year ago. Basic earnings per share from continuing operations was CNY 0.12 compared to CNY 0.17 a year ago.
Suzhou Xingye Materials Technology Co., Ltd. is a China-based company principally engaged in the research, development, production and distribution of functional new materials, especially foundry materials. The Companyâs products include foundry resin series, casting coating series, melting material series, as well as foundry auxiliary materials, among others. Its products are mainly applied in the fields of automobile and internal combustion engines, machine tools, power generation, cast iron pipes, construction machinery, smelting and heavy machine, rail transit, as well as ship manufacturing, among others. The Company distributes its products within domestic market and to overseas markets.
SUZHOU XINGYE MATERIALS TECHNOLOGY CO.,LTD. 
