Guizhou Redstar Developing Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 16, 2020 at 05:11 am EDT
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Guizhou RedStar Developing Co.,Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 897.210 million compared to CNY 1,144.552 million a year ago. Operating loss was CNY 13.756 million compared to operating Income of CNY 78.451 million a year ago. Net loss was CNY 13.786 million compared to net income of CNY 58.141 million a year ago. Basic loss per share from continuing operations was CNY 0.05 compared to basic earnings per share from continuing operations of CNY 0.2 a year ago.
Guizhou Redstar Developing Co Ltd is a China-based company principally engaged in the research and development, production and sales of barium salts, strontium salts and manganese series products. Barium salt products mainly include multi-specification special barium carbonate, various types of barium sulfate, high-purity barium carbonate, high-purity barium chloride, and high-purity barium nitrate. Strontium salt products mainly include strontium carbonate, strontium nitrate, strontium chloride, and hydroxide. Strontium, high-purity strontium carbonate, and manganese products mainly include EMD, high-purity manganese sulfate and other products for primary batteries and lithium batteries. The Company is also engaged in the production and sales of battery-grade lithium carbonate and by-products sulfur, thiourea and sodium sulfide, as well as the natural pigment industry.