Jiangmen Kanhoo Industry Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 23, 2020 at 10:08 am EDT
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Jiangmen Kanhoo Industry Co. Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 266.700 million compared to CNY 382.146 million a year ago. Operating income was CNY 7.277 million compared to CNY 24.425 million a year ago. Net income was CNY 8.133 million compared to CNY 22.280 million a year ago. Basic earnings per share from continuing operations was CNY 0.0383 compared to CNY 0.105 a year ago.
Jiangmen Kanhoo Industry Co., Ltd. is principally engaged in the research, development, manufacture and distribution of rare earth luminescent materials and lithium battery materials. The Company primarily provides rare earth luminescent materials for power-saving lamps, which are applied in the manufacture of power lamps and rare earth luminescent materials for new-emerging industries, including rare earth luminescent materials for flat panel displays and specialty light sources, which are applied in the manufacture of liquid crystal displays (LCDs), plasma display panels (PDPs) and specialty-use lamps, such as cold cathode fluorescent lamps (CCFLs), light emitting diodes (LEDs), full spectrum lighting lamps, white light LED solid-state lamps, lamps for plants and ultraviolet healthcare lamps, among others. The Company also provides LED fluorescent material and cathode materials for lithium batteries, among others. The Company distributes its products in domestic and overseas markets.
JIANGMEN KANHOO INDUSTRY CO., LTD 
