Ningbo Runhe High-Tech Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 15, 2021 at 04:46 am EDT
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Ningbo Runhe High-Tech Materials Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 252.411 million compared to CNY 115.530 million a year ago. Operating income was CNY 24.328 million compared to CNY 9.550 million a year ago. Net income was CNY 20.712 million compared to CNY 7.388 million a year ago. Basic earnings per share from continuing operations was CNY 0.16 compared to CNY 0.06 a year ago.
Ningbo Runhe High-Tech Materials Co Ltd is a company engaged in research, development, production and sales of organic silicon deep processing products and textile printing and dyeing auxiliary products. The Company operates two segments. The Silicone Deep Processing Products segment provides silicone oil, silicone rubber, silicone resin, silane coupling agent and other products, which are used to manufacture cosmetic raw materials, agricultural silicone products, light-emitting diode (LED) encapsulant and glass fiber reinforced materials. The Textile Printing and Dyeing Auxiliary segment provides pretreatment aids, such as softeners, water repellents and stiffeners; dyeing and printing aids, such as dispersants, levelling agents and fixing agents; and finishing agents.
NINGBO RUNHE HIGH-TECH MATERIALS CO., LTD. 
