Ningbo Runhe High-Tech Materials Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 25, 2021 at 07:20 am EDT
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Ningbo Runhe High-Tech Materials Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 711.526 million compared to CNY 630.990 million a year ago. Operating income was CNY 65.451 million compared to CNY 63.260 million a year ago. Net income was CNY 54.179 million compared to CNY 51.159 million a year ago. Basic earnings per share from continuing operations was CNY 0.43 compared to CNY 0.4 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. 
