Puyang Huicheng Electronic Material Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 25, 2021 at 05:50 pm IST
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Puyang Huicheng Electronic Material Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 912.941 million compared to CNY 680.253 million a year ago. Operating income was CNY 209.485 million compared to CNY 167.287 million a year ago. Net income was CNY 179.630 million compared to CNY 145.263 million a year ago. Basic earnings per share from continuing operations was CNY 0.7 compared to CNY 0.57 a year ago.
Puyang Huicheng Electronic Material Co.,Ltd is a China-based company principally engaged in the research and development, manufacture and sale of anhydride maleic anhydride derivatives, fluorene and other fine chemicals. The Company's main products include Tetrahydrophthalic Anhydride, Hexahydrophthalic Anhydride, Methyl Tetrahydrophthalic Anhydride and carbic anhydride, among others. The Company's anhydride maleic anhydride derivatives are mainly used for epoxy resin curing and the synthesis of polyester resin and alkyd resin. The Companyâs products are applied in electronic component encapsulation, electrical equipment insulation materials, coatings, composite materials, photolectric material and pharmaceutical intermediates. The Company distributes its products in domestic market and to overseas markets.