Sinoma Science & Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 21, 2020 at 05:23 am EDT
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Sinoma Science & Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 2,889.208 million compared to CNY 2,658.558 million a year ago. Operating income was CNY 307.730 million compared to CNY 271.647 million a year ago. Net income was CNY 241.939 million compared to CNY 216.943 million a year ago. Basic earnings per share from continuing operations was CNY 0.1442 compared to CNY 0.1681 a year ago.
Sinoma Science & Technology Co., Ltd. is a China-based company, principally engaged in the research, development, manufacture and distribution of special fiber composite materials. The Company is also engaged in the provision of special fiber composite materials related technical support and equipment, as well as the trading business. The Company's products include wind turbine blades, non-alkali fiberglass and products, high pressure cylinders, glass fiber paper, high temperature filter materials, advanced composite materials and lithium battery diaphragms. The Company distributes its products within domestic market and to overseas markets.