Shandong Shuangyi Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 14, 2020 at 09:29 am EDT
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Shandong Shuangyi Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 188.474 million compared to CNY 150.862 million a year ago. Operating income was CNY 54.584 million compared to CNY 35.425 million a year ago. Net income was CNY 46.084 million compared to CNY 34.820 million a year ago. Basic earnings per share from continuing operations was CNY 0.42 compared to CNY 0.32 a year ago.
Shandong Shuangyi Technology Co Ltd is a company engaged in research and development, production and sales of composite materials, and provision of related services. The Company's primary products include wind turbine cabin covers, large non-metallic molds, engineering and agricultural machinery and equipment covers and fishing boats. The products are used in a range of areas, including large-scale non-metal mold processing, wind power, engineering and agricultural machinery, yachts and ships. The Company sells its products to both domestic and international markets, including Australia, North America and New Zealand.
SHANDONG SHUANGYI TECHNOLOGY CO., LTD. 
