Shandong Shuangyi Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 16, 2021 at 05:46 am EDT
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Shandong Shuangyi Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 251.474 million compared to CNY 188.474 million a year ago. Operating income was CNY 64.383 million compared to CNY 54.584 million a year ago. Net income was CNY 54.371 million compared to CNY 46.084 million a year ago. Basic earnings per share from continuing operations was CNY 0.5 compared to CNY 0.42 a year ago.
Shandong Shuangyi Technology Co Ltd is a company engaged in research and development, production and sales of composite materials, and provision of related services. The Company's primary products include wind turbine cabin covers, large non-metallic molds, engineering and agricultural machinery and equipment covers and fishing boats. The products are used in a range of areas, including large-scale non-metal mold processing, wind power, engineering and agricultural machinery, yachts and ships. The Company sells its products to both domestic and international markets, including Australia, North America and New Zealand.
SHANDONG SHUANGYI TECHNOLOGY CO., LTD. 
