Shanghai Kinlita Chemical Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 17, 2021 at 07:39 am EDT
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Shanghai Kinlita Chemical Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 884.959 million compared to CNY 813.501 million a year ago. Operating income was CNY 93.619 million compared to CNY 28.693 million a year ago. Net income was CNY 91.419 million compared to CNY 30.080 million a year ago. Basic earnings per share from continuing operations was CNY 0.191 compared to CNY 0.064 a year ago.
Shanghai Kinlita Chemical Co., Ltd. is a China-based company principally engaged in the manufacture, processing and sales of coating products, solvents and additives, as well as the provision of related technical consulting and after-sales services. The Company's main products include cathodic electrophoretic coatings, topcoats, environmentally friendly and energy-saving materials and ceramic coatings. The Company's products are mainly used in automobiles, agricultural machinery, construction machinery, motorcycles, auto parts, light industrial parts and building curtain walls. The Company distributes its products in domestic market, with East China as its main market.
SHANGHAI KINLITA CHEMICAL CO., LTD. 
