Jiangxi Hungpai New Material Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 09:13 am IST
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Jiangxi Hungpai New Material Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 231.481 million compared to CNY 205.494 million a year ago. Operating income was CNY 28.916 million compared to CNY 40.512 million a year ago. Net income was CNY 24.729 million compared to CNY 29.348 million a year ago. Basic earnings per share from continuing operations was CNY 0.07 compared to CNY 0.12 a year ago.
Jiangxi Hungpai New Material Co Ltd is a company mainly engaged in research and development, production and sales of silicon-based chemical materials. The Company's primary products are silane coupling agents and fumed silica. The silane coupling agent products include HP-669, HP-669C, HP-1589 and HP-1589C, which are used in rubber and tire manufacturing areas. The fumed silica products include HP-150, HP-200 and HP-380, which are used as rubber reinforcing agents, plastic fillers, ink thickening agents and matting agents, covering rubber, building materials, medicine, coatings and other fields. The Company also produces and supplies steam through its subsidiary.
JIANGXI HUNGPAI NEW MATERIAL CO., LTD. 
