Asia Cuanon Technology Shanghai Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 08:36 pm IST
Share
Asia Cuanon Technology Shanghai Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 600.714 million compared to CNY 227.843 million a year ago. Operating loss was CNY 7.571 million compared to CNY 51.757 million a year ago. Net loss was CNY 5.439 million compared to CNY 53.327 million a year ago. Basic loss per share from continuing operations was CNY 0.03 compared to CNY 0.28 a year ago.
ASIA CUANON TECHNOLOGY (SHANGHAI) CO., LTD. is a China-based company principally engaged in research, development, manufacturing, sales and service-providing of building insulation decoration integrated products, building insulation materials, functional architectural coatings and its application systems. The Company operates through two main segments. The Main Business segment is principally involved in the sales of building decoration materials, including insulation decorative panels, real gold fire insulation board and functional architectural coatings, among others. The Other Business segment is mainly engaged in the sales of related supporting materials.