Zhejiang Renzhi Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 29, 2021 at 11:18 am EDT
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Zhejiang Renzhi Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 23.150 million compared to CNY 7.725 million a year ago. Operating loss was CNY 4.287 million compared to CNY 4.593 million a year ago. Net loss was CNY 5.242 million compared to CNY 6.149 million a year ago. Basic loss per share from continuing operations was CNY 0.013 compared to CNY 0.01 a year ago.
Zhejiang Renzhi Co., Ltd., formerly Sichuan Renzhi Oilfield Technology Services Co., Ltd., is a China-based company principally engaged in the provision of oilfield technical services. The Company mainly provides drilling fluid technical services, including drilling fluid deployment, circulation operation and recycling services; oil and gas field environmental protection technical services, including oil and gas field wastewater treatment, waste mud treatment and drilling sewage treatment technology services; underground operation technical services, including underground technical services, production increasing technical services, downhole tools and well completion technical services. The Company is also engaged in the development, production and sales of oilfield chemicals and functional new materials. The Company mainly operates its businesses in the Mainland of China.
ZHEJIANG RENZHI CO., LTD. 
