Jiangsu Changhai Composite Materials Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 27, 2020 at 01:17 pm IST
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Jiangsu Changhai Composite Materials Co. Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 395.764 million compared to CNY 519.167 million a year ago. Operating income was CNY 67.003 million compared to CNY 65.042 million a year ago. Net income was CNY 56.065 million compared to CNY 55.037 million a year ago. Basic earnings per share from continuing operations was CNY 0.14 compared to CNY 0.13 a year ago.
Jiangsu Changhai Composite Materials Co., Ltd is a China-based company principally engaged in the research, development, production and sale of glass fiber products and glass fiber composites. The Company's main products include fiberglass yarn, chopped strand mats, wet thin felts, composite separators and coating felts. The Company's products are mainly used in building materials, rail transportation, petrochemicals, automobile manufacturing, electronic substrates, large tanks, transparent panels and batteries. The Company distributes its products in domestic market and to overseas markets.
JIANGSU CHANGHAI COMPOSITE MATERIALS CO., LTD 
