Jiangxi Hungpai New Material Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 19, 2021 at 04:32 am EDT
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Jiangxi Hungpai New Material Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 897.427 million compared to CNY 1,013.854 million a year ago. Operating income was CNY 147.238 million compared to CNY 185.441 million a year ago. Net income was CNY 122.670 million compared to CNY 156.648 million a year ago. Basic earnings per share from continuing operations was CNY 0.44 compared to CNY 0.63 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. 
