Banbao Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 02:08 pm EDT
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BanBao Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 77.621 million compared to CNY 87.876 million a year ago. Operating loss was CNY 64,362.52 compared to operating Income of CNY 10.206 million a year ago. Net income was CNY 245,352.14 compared to CNY 7.613 million a year ago. Basic earnings per share from continuing operations was CNY 0.01 compared to CNY 0.03 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. 
