King-Strong New Material Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 28, 2020 at 09:09 am EDT
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King-Strong New Material Technology Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 233.933 million compared to CNY 114.639 million a year ago. Operating income was CNY 41.231 million compared to operating loss of CNY 13.376 million a year ago. Net income was CNY 39.068 million compared to net loss of CNY 12.368 million a year ago. Basic earnings per share from continuing operations was CNY 0.31 compared to basic loss per share from continuing operations of CNY 0.12 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. 
