Henan Mingtai Al.Industrial Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 27, 2020 at 03:06 pm EDT
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Henan Mingtai Al.Industrial Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 3,035.639 million compared to CNY 3,403.477 million a year ago. Operating income was CNY 158.788 million compared to CNY 192.362 million a year ago. Net income was CNY 121.053 million compared to CNY 142.683 million a year ago. Basic earnings per share from continuing operations was CNY 0.2 compared to CNY 0.24 a year ago. Diluted earnings per share from continuing operations was CNY 0.19 compared to CNY 0.24 a year ago.
Henan Mingtai Al Industrial Co Ltd is a China-based company mainly engaged in the aluminum sheet, strip and foil, aluminum profiles and comprehensive utilization of renewable resources. The Company's main products include soft pack battery aluminum foil, electronic foil, checkered plate, commercial vehicle lightweight material, food and drug packaging foil, rail car body profile, aluminum alloy rail car body, new energy battery tray, automotive profile, extruded aluminum for Ultra High Voltage (UHV) transmission equipment Gas Insulated Line (GIL) Pipes, rail vehicle interior parts and other products. The Company's products are mainly used in new energy, new materials, Fifth Generation (5G) communication, pharmaceutical packaging, food packaging, transportation, UHV power transmission, rail car body, military industry and many other fields. The Company distributes its products in domestic market and to overseas markets.
HENAN MINGTAI AL.INDUSTRIAL CO.,LTD. 
