Dongguan Golden Sun Abrasives Co.,Ltd Reports Earnings Results for the Nine Months Ended September 30, 2020
October 29, 2020 at 08:12 am EDT
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Dongguan Golden Sun Abrasives Co.,Ltd announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 290.897 million compared to CNY 296.612 million a year ago. Operating income was CNY 72.920 million compared to CNY 53.112 million a year ago. Net income was CNY 53.005 million compared to CNY 37.302 million a year ago. Basic earnings per share from continuing operations was CNY 0.59 compared to CNY 0.42 a year ago.
DONGGUAN GOLDEN SUN ABRASIVES CO., LTD is a China-based company principally engaged in the manufacture and sales of abrasive paper. The Company's main products include water-resistant abrasive paper, dry abrasive paper, dry film coated abrasive paper, polyester film abrasive paper and others. Its products are mainly applied in grinding and polishing for metal, wood, leather, glass, plastics, ceramics and other products, involving aerospace, automotive, shipbuilding, machine tool, chemical, construction, metallurgy, energy, home appliances, electronics, furniture and other industries. The Company distributes its products in domestic and overseas markets.