Jiangsu Changhai Composite Materials Co., Ltd Reports Earnings Results for the Half Year Ended June 30, 2020
July 30, 2020 at 03:10 pm IST
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Jiangsu Changhai Composite Materials Co. Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 906.010 million compared to CNY 1,084.785 million a year ago. Operating income was CNY 141.981 million compared to CNY 168.950 million a year ago. Net income was CNY 123.782 million compared to CNY 145.633 million a year ago. Basic earnings per share from continuing operations was CNY 0.3 compared to CNY 0.36 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 
