Kingfa Sci. & Tech. Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 27, 2021 at 05:54 pm IST
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Kingfa Sci. & Tech. Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 9,057.347 million compared to CNY 5,536.313 million a year ago. Operating income was CNY 906.021 million compared to CNY 202.788 million a year ago. Net income was CNY 764.528 million compared to CNY 141.897 million a year ago. Basic earnings per share from continuing operations was CNY 0.2971 compared to CNY 0.0551 a year ago.
KINGFA SCI. &TECH.CO., LTD. is a China-based company principally engaged in the research, development, production and sales of new chemical materials. The Company's main products include modified plastics, biodegradable plastics, high-performance carbon fibers and composite materials, special engineering plastics, environmentally friendly high-performance recycled plastics and others. Its products are mainly applied in automotive, household appliances, modern agriculture, rail transportation, aerospace, high-end equipment, new energy, communications, electrical and electronic, as well as building decoration industries. The Company distributes its products in domestic market and to overseas markets.
KINGFA SCI. & TECH. CO., LTD. 
