Guangdong Guoli Sci & Tech Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 28, 2020 at 09:30 am EDT
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Guangdong Guoli Sci & Tech Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,769.588 million compared to CNY 1,746.220 million a year ago. Operating loss was CNY 223.049 million compared to operating Income of CNY 27.573 million a year ago. Net loss was CNY 185.576 million compared to net income of CNY 28.775 million a year ago. Basic loss per share from continuing operations was CNY 1.16 compared to basic earnings per share from continuing operations of CNY 0.18 a year ago.
Guangdong Quanwei Technology Co Ltd, formerly Guangdong Guoli Science and Technology Co Ltd, is a company engaged in research and development, production and sales of polymer materials and polymer material products. The Companyâs main products are comprised of ethylene-vinyl acetate (EVA) copolymers, EVA environmentally friendly modified materials and related products, such as foamed ethylene-vinyl acetate copolymers, shoe materials and electronic accessory products; thermo plastic rubber (TPR) environmentally friendly modified materials and related products, such as TPR environmentally modified rubber pellets and shoe materials; modified engineering plastics, such as acrylonitrile-butadiene-styrene copolymer. The products are used in high-end sports and leisure shoe materials, sports equipment, electronic ancillary products and household appliances.
GUANGDONG QUANWEI TECHNOLOGY CO.,LTD. 
