Hubei Huitian New Materials Co., Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 969.59 million compared to CNY 1,077.71 million a year ago. Revenue was CNY 969.59 million compared to CNY 1,077.71 million a year ago.
Net income was CNY 79.37 million compared to CNY 120.07 million a year ago. Basic earnings per share from continuing operations was CNY 0.1404 compared to CNY 0.214 a year ago. Diluted earnings per share from continuing operations was CNY 0.1346 compared to CNY 0.2122 a year ago.
Hubei Huitian New Materials Co., Ltd. is a China-based company principally engaged in the research, development, production and sales of adhesives and other new materials. The Company's main products include high-performance organic silicone, polyurethane adhesives, acrylic adhesives, anaerobic adhesives, epoxy adhesives and other engineering adhesives and solar cell back sheets. Its products are mainly used in the fields of automobile manufacturing and maintenance, electronic appliances, rail transportation, new energy, construction machinery and other fields. The Company is also involved in the provision of automotive brake fluids and other automotive maintenance chemicals.
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