Banbao Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 03:40 pm EDT
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BanBao Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 87.876 million compared to CNY 140.406 million a year ago. Operating income was CNY 10.206 million compared to CNY 28.391 million a year ago. Net income was CNY 7.613 million compared to CNY 23.752 million a year ago. Basic earnings per share from continuing operations was CNY 0.03 compared to CNY 0.11 a year ago.
Jiangxi Mubang Hi-Tech Co Ltd is a China-based company mainly engaged in the production and sales of monocrystalline silicon rods and silicon wafers. The Company operates primarily through two segments. The Photovoltaic Business segment is mainly engaged in the research and development, production and sales of photovoltaic silicon wafers and silicon rods. The Company's main photovoltaic products include monocrystalline silicon rods, monocrystalline silicon wafers, polycrystalline silicon ingots, polycrystalline silicon wafers and cells. The Toy Business segment is mainly engaged in the production and sales of popular science series, programming robot series, city series, infant series and intellectual property (IP) authorized plastic building block toys. The Company mainly conducts its businesses in domestic and overseas markets.
MUBANG HIGH-TECH CO.,LTD. 
