Zhejiang Yangfan New Materials Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2018
March 19, 2019 at 09:13 pm IST
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Zhejiang Yangfan New Materials Co., Ltd. announced earnings results for the full year ended December 31, 2018. For the full year, the company announced sales was CNY 525.975 million compared to CNY 436.471 million a year ago. Operating income was CNY 153.511 million compared to CNY 69.957 million a year ago. Net income was CNY 137.484 million compared to CNY 65.209 million a year ago. Basic earnings per share from continuing operations was CNY 1.15 compared to CNY 0.59 a year ago. Diluted earnings per share from continuing operations was CNY 1.13 compared to CNY 0.59 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.