Shanghai Shunho New Materials Technology Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2022
August 18, 2022 at 04:33 am EDT
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Shanghai Shunho New Materials Technology Co.,Ltd. reported earnings results for the half year ended June 30, 2022. For the half year, the company reported sales was CNY 655.48 million compared to CNY 808.02 million a year ago. Net loss was CNY 0.342756 million compared to net income of CNY 2.75 million a year ago.
Basic loss per share from continuing operations was CNY 0.0003 compared to basic earnings per share from continuing operations of CNY 0.0026 a year ago. Diluted loss per share from continuing operations was CNY 0.0003 compared to diluted earnings per share from continuing operations of CNY 0.0026 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.