Shanghai Shunho New Materials Technology Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2023
August 17, 2023 at 05:14 am EDT
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Shanghai Shunho New Materials Technology Co.,Ltd. reported earnings results for the half year ended June 30, 2023. For the half year, the company reported sales was CNY 469.15 million compared to CNY 542.51 million a year ago. Revenue was CNY 556.99 million compared to CNY 655.48 million a year ago.
Net income was CNY 7.04 million compared to net loss of CNY 0.646559 million a year ago. Basic earnings per share from continuing operations was CNY 0.0066 compared to basic loss per share from continuing operations of CNY 0.0006 a year ago. Diluted earnings per share from continuing operations was CNY 0.0066 compared to diluted loss per share from continuing operations of CNY 0.0006 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. 
