Kuangda Technology Group Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 26, 2020 at 05:05 am EDT
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Kuangda Technology Group Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 624.746 million compared to CNY 748.940 million a year ago. Operating income was CNY 117.027 million compared to CNY 114.637 million a year ago. Net income was CNY 99.452 million compared to CNY 90.616 million a year ago. Basic earnings per share from continuing operations was CNY 0.0676 compared to CNY 0.0615 a year ago.
Kuangda Technology Group Co., Ltd, formerly JIANGSU KUANGDA AUTOMOBILE TEXTILE GROUP CO., LTD., is a China-based company, principally engaged in the research and development, manufacture and distribution of inner decorating materials for automobiles. The Company's products include woven fabrics, warp knitted fabrics and weft knitted fabrics, which are applied in the manufacture of automobile seats, door planks and head rests. The Company is also engaged in the investment and operation of photovoltaic power stations. The Company distributes its products within domestic market and to overseas markets.