Shanghai Shunho New Materials Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2019
April 24, 2019 at 03:17 pm EDT
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Shanghai Shunho New Materials Technology Co.,Ltd. announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced sales was CNY 543.974 million compared to CNY 473.238 million a year ago. Operating income was CNY 50.536 million compared to CNY 32.058 million a year ago. Net income was CNY 39.494 million compared to CNY 49.856 million a year ago. Basic earnings per share from continuing operations was CNY 0.06 compared to CNY 0.07 a year ago.
Shanghai Shunho New Materials Technology Co.,Ltd., formerly Shanghai Luxin Packing Materials Science & Technology Co., Ltd., is a China-based company principally engaged in the research, development, manufacture, processing and distribution of packaging products. The Company's main products include vacuum metalized papers, polypropylene fibers for cigarettes, as well as white cardboards and laminated papers. The Company is also involved in the provision of printing materials, hologram papers as well as optical anti-counterfeiting films, among others. The Company's products are applied in the packing of tobaccos, food, beverages, sports goods, liquors and others. In addition, the Company also engages in the research, manufacture and distribution of natural biological fertilizer and organic feed, as well as the development of network technology, among others. The Company distributes its products within domestic market and to overseas markets.
SHANGHAI SHUNHO NEW MATERIALS TECHNOLOGY CO.,LTD. 
