Zhejiang Yangfan New Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 23, 2020 at 02:31 pm IST
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Zhejiang Yangfan New Materials Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 97.873 million compared to CNY 149.849 million a year ago. Operating loss was CNY 3.899 million compared to operating Income of CNY 42.818 million a year ago. Net loss was CNY 3.126 million compared to net income of CNY 36.531 million a year ago. Basic loss per share from continuing operations was CNY 0.01 compared to basic earnings per share from continuing operations of CNY 0.16 a year ago.
Zhejiang Yangfan New Materials Co Ltd is a company mainly engaged in research, development, production and sales of photoinitiators and mercapto compounds. The Company's primary product is the photoinitiators, including 907, ITX and BMS. The product is used in photocurable materials, printed circuit boards, microelectronics processing, paper making and household appliances. The Company is also involved in producing mercapto compounds as pesticide intermediates, pharmaceutical intermediates and dye intermediates.