Sanxiang Advanced Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 11:56 am EDT
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Sanxiang Advanced Materials Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 181.031 million compared to CNY 169.877 million a year ago. Operating income was CNY 31.491 million compared to CNY 27.010 million a year ago. Net income was CNY 20.689 million compared to CNY 19.147 million a year ago. Basic earnings per share from continuing operations was CNY 0.11 compared to CNY 0.1 a year ago.
Sanxiang Advanced Materials Co., Ltd. is a China-based company principally engaged in the research, design, production and distribution of fused zirconia, casting modified materials, as well as single crystal fused alumina abrasive materials, among others. The Companyâs products include zirconia series products, single crystalline fused alumina series products, cored wire series products, nucleating agent (inoculant) series products, nodulizer series products and silica fume powder series products. The Company operates its business within domestic and overseas markets, including America, Canada, Brazil, France, Italy, Japan, South Korea, Australia, Indonesia, Taiwan and other countries and areas.
SANXIANG ADVANCED MATERIALS CO., LTD. 
