Shandong Shuangyi Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 23, 2020 at 06:54 am EDT
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Shandong Shuangyi Technology Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,081.647 million compared to CNY 555.970 million a year ago. Operating income was CNY 337.675 million compared to CNY 138.832 million a year ago. Net income was CNY 286.377 million compared to CNY 121.358 million a year ago. Basic earnings per share from continuing operations was CNY 2.62 compared to CNY 1.11 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. 
