Jiangxi Hungpai New Material Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 10:38 am EDT
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Jiangxi Hungpai New Material Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 484 million compared to CNY 231.48 million a year ago. Revenue was CNY 484 million compared to CNY 231.48 million a year ago. Net income was CNY 120.27 million compared to CNY 24.73 million a year ago. Basic earnings per share from continuing operations was CNY 0.2769 compared to CNY 0.0538 a year ago. Diluted earnings per share from continuing operations was CNY 0.2769 compared to CNY 0.0538 a year ago.
Jiangxi Hungpai New Material Co Ltd is a company mainly engaged in research and development, production and sales of silicon-based chemical materials. The Company's primary products are silane coupling agents and fumed silica. The silane coupling agent products include HP-669, HP-669C, HP-1589 and HP-1589C, which are used in rubber and tire manufacturing areas. The fumed silica products include HP-150, HP-200 and HP-380, which are used as rubber reinforcing agents, plastic fillers, ink thickening agents and matting agents, covering rubber, building materials, medicine, coatings and other fields. The Company also produces and supplies steam and electricity through its subsidiary.
JIANGXI HUNGPAI NEW MATERIAL CO., LTD. 
