Shanghai Kangda New Materials Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 22, 2021 at 07:57 am EDT
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Shanghai Kangda New Materials Group Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 1,932.135 million compared to CNY 1,066.074 million a year ago. Operating income was CNY 263.598 million compared to CNY 157.347 million a year ago. Net income was CNY 215.004 million compared to CNY 139.961 million a year ago. Basic earnings per share from continuing operations was CNY 0.85 compared to CNY 0.56 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. 
