King-Strong New Material Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 20, 2020 at 11:12 am EDT
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King-Strong New Material Technology Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 193.608 million compared to CNY 211.284 million a year ago. Operating loss was CNY 28.391 million compared to operating Income of CNY 6.761 million a year ago. Net loss was CNY 26.203 million compared to net income of CNY 8.189 million a year ago. Basic loss per share from continuing operations was CNY 0.25 compared to basic earnings per share from continuing operations of CNY 0.08 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. 
