Shandong Head Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 26, 2020 at 06:16 am EDT
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Shandong Head Co.,Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 969.104 million compared to CNY 828.786 million a year ago. Operating income was CNY 237.862 million compared to CNY 155.878 million a year ago. Net income was CNY 199.654 million compared to CNY 123.519 million a year ago. Basic earnings per share from continuing operations was CNY 1.0721 compared to CNY 0.6707 a year ago. Diluted earnings per share from continuing operations was CNY 1.0571 compared to CNY 0.6485 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. 
