Shanghai Kangda New Materials Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 26, 2021 at 08:21 am EDT
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Shanghai Kangda New Materials Group Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 386.637 million compared to CNY 215.015 million a year ago. Operating income was CNY 26.912 million compared to CNY 27.817 million a year ago. Net income was CNY 30.221 million compared to CNY 22.081 million a year ago. Basic earnings per share from continuing operations was CNY 0.12 compared to CNY 0.087 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. 