Shanghai Shunho New Materials Technology Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 06, 2020 at 08:28 am EDT
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Shanghai Shunho New Materials Technology Co.,Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 716.302 million compared to CNY 894.460 million a year ago. Operating loss was CNY 8.830 million compared to operating Income of CNY 64.858 million a year ago. Net income was CNY 1.010 million compared to CNY 59.055 million a year ago. Basic earnings per share from continuing operations was CNY 0.001 compared to CNY 0.0557 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. 
