King-Strong New Material Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 14, 2021 at 07:49 am EDT
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King-Strong New Material Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 83.606 million compared to CNY 74.676 million a year ago. Operating income was CNY 21.761 million compared to CNY 18.827 million a year ago. Net income was CNY 20.212 million compared to CNY 16.165 million a year ago. Basic earnings per share from continuing operations was CNY 0.15 compared to CNY 0.13 a year ago.
Guangdong Kingstrong Technology Co Ltd is a company mainly engaged in research, development, production and sales of metal matrix composite materials and products. The company operates two segments. The Metal Products and Other Businesses segment provides metal matrix superhard material products, thermal spray materials, wave absorbing materials, optical materials and products, as well as carbon fiber materials products. The products are used in building ceramics and military industry. The Radio Frequency (RF) Microwave segment operates its businesses through its subsidiary, and engaged in the design, development and production of RF microwave components, equipment and systems. The Company sells its products to both domestic and international markets, including Vietnam and India.
GUANGDONG KINGSTRONG TECHNOLOGY CO., LTD. 
