Fuda Alloy Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 03:22 pm EDT
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Fuda Alloy Materials Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 257.670 million compared to CNY 280.214 million a year ago. Operating loss was CNY 12.764 million compared to operating Income of CNY 6.328 million a year ago. Net loss was CNY 10.148 million compared to net income of CNY 14.911 million a year ago. Basic loss per share from continuing operations was CNY 0.0739 compared to basic earnings per share from continuing operations of CNY 0.1517 a year ago.
Fuda Alloy Materials Co., Ltd. is a China-based company principally engaged in the research and development, production and sales of electrical contact materials, as well as provides related technical consulting and services. The Company's main products include contact materials, multilayer contacts and contact elements. The Company's products are mainly used in relays, circuit breakers, contactors, sensors, industrial control and other fields. The Company mainly operates its business in the domestic market.
FUDA ALLOY MATERIALS CO.,LTD 
