Kangda New Materials Group Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
August 23, 2021 at 07:49 am EDT
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Kangda New Materials Group Co., Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was CNY 847.807 million compared to CNY 695.031 million a year ago. Operating income was CNY 33.170 million compared to CNY 115.917 million a year ago. Net income was CNY 27.750 million compared to CNY 99.398 million a year ago. Basic earnings per share from continuing operations was CNY 0.11 compared to CNY 0.394 a year ago.
Kangda New Materials Group Co Ltd, formerly Shanghai Kangda New Materials Group Co Ltd, is a China-based company mainly engaged in the fine chemical industry and military electronics industry. The Company's fine chemical business mainly produces mid-to-high-end adhesives, new functional polymer materials, and fine chemicals. Its products include epoxy glue, acrylic glue, polyurethane glue and styrene-butadiene-styrene block copolymer (SBS) adhesives. Military electronic products mainly include polyimide foam heat insulation materials used in the aviation, aerospace, naval, army, and weapon markets, as well as polyimide foam insulation materials used in the field of marine engineering. The Company mainly conducts business in the domestic market.
KANGDA NEW MATERIALS (GROUP) CO., LTD. 
