Hubei Xingfa Chemicals Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 11, 2021 at 09:48 am EDT
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Hubei Xingfa Chemicals Group Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 18,317.376 million compared to CNY 18,038.707 million a year ago. Operating income was CNY 773.555 million compared to CNY 483.242 million a year ago. Net income was CNY 623.942 million compared to CNY 302.455 million a year ago. Basic earnings per share from continuing operations was CNY 0.61 compared to CNY 0.33 a year ago. Diluted earnings per share from continuing operations was CNY 0.6 compared to CNY 0.33 a year ago.
Hubei Xingfa Chemicals Group Co Ltd is a China-based company mainly engages in the production and sales of phosphorus chemical products. The Company's main products include phosphate rock, specialty chemicals, glyphosate series products, silicone series products, fertilizers and others. Its products are applied in food, agriculture, integrated circuit, automobile, construction, chemical and other fields. The Company is also engaged in mining and beneficiation business, as well as trading and logistics business. The Company distributes its products within domestic market and to overseas markets.