Jiangsu Liba Enterprise Joint-Stock Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 01:40 pm EDT
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Jiangsu Liba Enterprise Joint-Stock Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 246.470 million compared to CNY 313.596 million a year ago. Operating income was CNY 31.824 million compared to CNY 45.453 million a year ago. Net income was CNY 26.613 million compared to CNY 38.499 million a year ago. Basic earnings per share from continuing operations was CNY 0.12 compared to CNY 0.17 a year ago.
Jiangsu Liba Enterprise Joint-Stock Co., Ltd. is a China-based company primarily engaged in the research, development, production and sales of composite materials for household appliances. It main products include vinyl-coated metal (VCM) which covered with various functional films, primarily used in panels of household appliances, such as refrigerators and washing machines, as well as high-grade water heaters and doors; pre-coated metal (PCM) which covered with organic polymer coatings, primarily used in the lateral plates of household appliances, such as refrigerators and washing machines, as well as products such as microwave ovens and water heaters.
JIANGSU LIBA ENTERPRISE JOINT-STOCK CO., LTD. 
