Shenzhen Prince New Materials Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2019
August 27, 2019 at 01:30 pm EDT
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Shenzhen Prince New Materials Co., Ltd. announced earnings results for the half year ended June 30, 2019. For the half year, the company announced sales was CNY 493.701 million compared to CNY 283.232 million a year ago. Operating income was CNY 24.567 million compared to CNY 24.309 million a year ago. Net income was CNY 17.618 million compared to CNY 16.514 million a year ago. Basic earnings per share from continuing operations was CNY 0.12 compared to CNY 0.12 a year ago. Diluted earnings per share from continuing operations was CNY 0.12 compared to CNY 0.1 a year ago. Sales was CNY 305.855 million compared to CNY 465.599 million a year ago. Operating loss was CNY 39.913 million compared to operating Income of CNY 31.711 million a year ago. Net loss was CNY 44.655 million compared to net income of CNY 25.505 million a year ago. Basic loss per share from continuing operations was CNY 0.37 compared to basic earnings per share from continuing operations of CNY 0.21 a year ago.
Shenzhen Prince New Materials Co.,Ltd. is a China-based company principally engaged in the research, development, production and sales of plastic packaging materials. The Company's main products include plastic packaging films, plastic trays, plastic cushioning materials and other packaging materials. The Company's products are mainly applied in the process of production and sales packaging of electronic products, such as computers, smart phones and home appliances. The Company distributes its products in domestic market and to overseas markets.
SHENZHEN PRINCE NEW MATERIALS CO.,LTD. 
