Xianhe Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 22, 2020 at 04:11 am EDT
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Xianhe Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 903.508 million compared to CNY 1,013.389 million a year ago. Operating income was CNY 124.156 million compared to CNY 40.351 million a year ago. Net income was CNY 104.587 million compared to CNY 35.675 million a year ago. Basic earnings per share from continuing operations was CNY 0.17 compared to CNY 0.06 a year ago.
Xianhe Co., Ltd. is a China-based company principally engaged in the research and development, manufacture and sales of specialty papers. The Company's main products include paper used in tobacco industry, paper used in home decorating, paper used in business communications and anti-counterfeiting, paper used in food and medical packaging, paper used in labels, electrical and industrial paper, paper used in thermal transfer, low quantitative publishing printing paper and others. The Company mainly distributes its products within domestic market.