Shengyi Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 29, 2021 at 09:55 pm IST
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Shengyi Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 4,505.306 million compared to CNY 3,071.837 million a year ago. Operating income was CNY 675.338 million compared to CNY 431.540 million a year ago. Net income was CNY 544.348 million compared to CNY 339.269 million a year ago. Basic earnings per share from continuing operations was CNY 0.24 compared to CNY 0.15 a year ago. Diluted earnings per share from continuing operations was CNY 0.23 compared to CNY 0.15 a year ago.
SHENGYI TECHNOLOGY CO., LTD. is a China-based company, principally engaged in the manufacture and distribution of copper clad laminates (CCLs) and bonding sheets. The Company is also engaged in the manufacture and distribution of printed circuit boards (PCBs). Its products are mainly used for making single, double-sided and multi-layer circuit boards, applied in electronics such as mobile phones, automobile electronics, communications devices and computers. It distributes its products in domestic and overseas markets.