Jiangsu Changhai Composite Materials Co., Ltd Reports Earnings Results for the Full Year Ended December 31, 2019
April 07, 2020 at 03:03 pm IST
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Jiangsu Changhai Composite Materials Co. Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 2,209.706 million compared to CNY 2,197.941 million a year ago. Operating income was CNY 329.811 million compared to CNY 303.537 million a year ago. Net income was CNY 289.454 million compared to CNY 263.080 million a year ago. Basic earnings per share from continuing operations was CNY 0.71 compared to CNY 0.63 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 
