Sanxiang Advanced Materials Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 23, 2021 at 05:14 am EDT
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Sanxiang Advanced Materials Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 733.112 million compared to CNY 761.083 million a year ago. Operating income was CNY 87.691 million compared to CNY 130.718 million a year ago. Net income was CNY 64.839 million compared to CNY 82.710 million a year ago. Basic earnings per share from continuing operations was CNY 0.34 compared to CNY 0.44 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. 
