Suzhou Xingye Materials Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 03:42 pm IST
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Suzhou Xingye Materials Technology Co.,Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 421.402 million compared to CNY 257.694 million a year ago. Operating income was CNY 19.792 million compared to CNY 30.966 million a year ago. Net income was CNY 15.727 million compared to CNY 25.153 million a year ago. Basic earnings per share from continuing operations was CNY 0.08 compared to CNY 0.12 a year ago.
Suzhou Xingye Materials Technology Co., Ltd. is a China-based company principally engaged in the research, development, production and distribution of functional new materials, especially foundry materials. The Companyâs products include foundry resin series, casting coating series, melting material series, as well as foundry auxiliary materials, among others. Its products are mainly applied in the fields of automobile and internal combustion engines, machine tools, power generation, cast iron pipes, construction machinery, smelting and heavy machine, rail transit, as well as ship manufacturing, among others. The Company distributes its products within domestic market and to overseas markets.
SUZHOU XINGYE MATERIALS TECHNOLOGY CO.,LTD. 
