Zhejiang Renzhi Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 27, 2020 at 09:23 am EDT
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Zhejiang Renzhi Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 96.836 million compared to CNY 2,546.615 million a year ago. Operating loss was CNY 1.956 million compared to CNY 453.633 million a year ago. Net income was CNY 30.960 million compared to net loss of CNY 618.612 million a year ago. Basic earnings per share from continuing operations was CNY 0.075 compared to basic loss per share from continuing operations of CNY 1.5 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. 
