Jiangsu Changhai Composite Materials Co., Ltd Reports Earnings Results for the Nine Months Ended September 30, 2020
October 27, 2020 at 02:29 pm IST
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Jiangsu Changhai Composite Materials Co. Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,477.182 million compared to CNY 1,665.280 million a year ago. Operating income was CNY 228.880 million compared to CNY 271.676 million a year ago. Net income was CNY 196.204 million compared to CNY 234.654 million a year ago. Basic earnings per share from continuing operations was CNY 0.48 compared to CNY 0.57 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.