Shandong Head Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 05:12 am EDT
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Shandong Head Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 263.642 million compared to CNY 232.385 million a year ago. Operating income was CNY 48.675 million compared to CNY 33.845 million a year ago. Net income was CNY 38.476 million compared to CNY 28.508 million a year ago. Basic earnings per share from continuing operations was CNY 0.2073 compared to CNY 0.1554 a year ago. Diluted earnings per share from continuing operations was CNY 0.2022 compared to CNY 0.1496 a year ago.
Shandong Head Group Co Ltd, formerly Shandong Head Co Ltd, is a China-based company mainly engaged in development, manufacture and sales of water-soluble polymer. The main product of the Company is non-ionic cellulose ether. The Company also manufactures methyl cellulose (MC), hydroxyl ethyl cellulose (HEC), methyl hydroxyl ethyl cellulose (MHEC), hydroxyl propyl celiulose (HPC) and others. The Company's products are widely used in building materials, medicine, food, textiles, daily chemicals, petroleum exploration, mining, papermaking, polymerization, aerospace and other fields. The Company distributes its products in domestic market and to overseas markets.
SHANDONG HEAD GROUP CO.,LTD. 
