Suzhou Xingye Materials Technology Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 25, 2020 at 04:30 am EDT
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Suzhou Xingye 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 647.982 million compared to CNY 639.067 million a year ago. Operating income was CNY 86.503 million compared to CNY 84.760 million a year ago. Net income was CNY 71.331 million compared to CNY 69.610 million a year ago. Basic earnings per share from continuing operations was CNY 0.35 compared to CNY 0.35 a year ago.
Suzhou Xingye Materials Technology Co., Ltd. is a China-based company principally engaged in the research, development, production and distribution of functional new materials, especially foundry materials. The Companyâs products include foundry resin series, casting coating series, melting material series, as well as foundry auxiliary materials, among others. Its products are mainly applied in the fields of automobile and internal combustion engines, machine tools, power generation, cast iron pipes, construction machinery, smelting and heavy machine, rail transit, as well as ship manufacturing, among others. The Company distributes its products within domestic market and to overseas markets.
SUZHOU XINGYE MATERIALS TECHNOLOGY CO.,LTD. 
