Shandong Shuangyi Technology Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
July 24, 2020 at 05:35 am EDT
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Shandong Shuangyi Technology Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 540.815 million compared to CNY 356.291 million a year ago. Operating income was CNY 149.758 million compared to CNY 77.564 million a year ago. Net income was CNY 125.670 million compared to CNY 70.001 million a year ago. Basic earnings per share from continuing operations was CNY 1.15 compared to CNY 0.64 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. 
