Shanghai Kinlita Chemical Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 26, 2020 at 04:31 am EDT
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Shanghai Kinlita Chemical Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 114.672 million compared to CNY 176.506 million a year ago. Operating income was CNY 1.293 million compared to CNY 5.342 million a year ago. Net income was CNY 391,196.61 compared to CNY 4.792 million a year ago. Basic earnings per share from continuing operations was CNY 0.0008 compared to CNY 0.0102 a year ago.
Shanghai Kinlita Chemical Co., Ltd. is a China-based company principally engaged in the manufacture, processing and sales of coating products, solvents and additives, as well as the provision of related technical consulting and after-sales services. The Company's main products include cathodic electrophoretic coatings, topcoats, environmentally friendly and energy-saving materials and ceramic coatings. The Company's products are mainly used in automobiles, agricultural machinery, construction machinery, motorcycles, auto parts, light industrial parts and building curtain walls. The Company distributes its products in domestic market, with East China as its main market.
SHANGHAI KINLITA CHEMICAL CO., LTD. 
