Zhejiang Goldensea Environment Technology Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 01:00 pm EDT
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Zhejiang Goldensea Environment Technology Co.,Ltd announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 163.354 million compared to CNY 147.910 million a year ago. Operating income was CNY 34.519 million compared to CNY 23.389 million a year ago. Net income was CNY 27.149 million compared to CNY 20.597 million a year ago. Basic earnings per share from continuing operations was CNY 0.13 compared to CNY 0.1 a year ago.
Zhejiang Goldensea Hi-Tech Co Ltd, formerly Zhejiang Goldensea Environment Technology Co Ltd, is a China-based company mainly engaged in the research, development and manufacturing of high-performance filter materials, functional filter materials and functional filters. The Company's main products include high-performance filter materials, filter nets, air purifier filters, fresh air system filters, automotive air conditioning filters, rail transit air conditioning filters, oil fume filters, ventilating fan filters, air conditioning fans and full heat switch, etc. Its products are used in household and commercial central air conditioners, air purifiers, air conditioning filtration systems and fresh air systems for automobiles, trains, airplanes and ships. The Company operates its businesses within the China market and to overseas markets.