Guangxi Fenglin Wood Industry Group Co.,Ltd Reports Earnings Results for the Half Year Ended June 30, 2020
July 30, 2020 at 04:46 am EDT
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Guangxi Fenglin Wood Industry Group Co.,Ltd announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 600.812 million compared to CNY 886.305 million a year ago. Operating income was CNY 27.735 million compared to CNY 87.727 million a year ago. Net income was CNY 28.522 million compared to CNY 90.060 million a year ago. Basic earnings per share from continuing operations was CNY 0.03 compared to CNY 0.08 a year ago.
Guangxi Fenglin Wood Industry Group Co., Ltd is a China-based company, principally engaged in the manufacture and sales of artificial boards. Its artificial boards mainly include fiber boards, plywood and shaving boards. The Company's fiber boards are mainly applied in furniture, wood floor buildings, decorations, middle and high cars and ship fitments, handicraft products, high grade loudspeaker boxes, instruments and electronics, among others. Its shaving boards are applied in furniture manufacture, interior finishing and architectural ornament. The Company is also engaged in forest management and restoration business, including growing trees planting, stock growing, as well as woods and stocks distribution.