Kingfa Sci. & Tech. Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 10, 2020 at 01:45 pm IST
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Kingfa Sci. & Tech. Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 16,930.072 million compared to CNY 12,342.134 million a year ago. Operating income was CNY 2,962.405 million compared to CNY 588.647 million a year ago. Net income was CNY 2,411.717 million compared to CNY 509.584 million a year ago. Basic earnings per share from continuing operations was CNY 0.9371 compared to CNY 0.1914 a year ago.
Kingfa Sci&Tech Co Ltd is a China-based company mainly engaged in the research and development, production and sales of new chemical materials. The Company is also engaged in the production and sales of medical consumables. The Company's main products include modified plastics, environmentally friendly high-performance recycled plastics, fully biodegradable plastics, special engineering plastics, carbon fiber and composite materials, light hydrocarbons and hydrogen energy, polypropylene resins, styrene resins and medical health polymer materials products. The Company's products are widely used in automobiles, home appliances, electronics and electrical engineering, communications electronics, new infrastructure, new energy, modern agriculture, modern logistics, rail transportation, aerospace, high-end equipment, medical health and other industries.