Sanxiang Advanced Materials Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 24, 2020 at 04:04 am EDT
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Sanxiang Advanced Materials Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 343.716 million compared to CNY 403.528 million a year ago. Operating income was CNY 51.306 million compared to CNY 75.195 million a year ago. Net income was CNY 36.134 million compared to CNY 44.103 million a year ago. Basic earnings per share from continuing operations was CNY 0.19 compared to CNY 0.23 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. 
