Asia Cuanon Technology Shanghai Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 27, 2020 at 10:25 am
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Asia Cuanon Technology Shanghai Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 2,366.164 million compared to CNY 1,752.366 million a year ago. Operating income was CNY 285.153 million compared to CNY 95.425 million a year ago. Net income was CNY 236.714 million compared to CNY 79.763 million a year ago. Basic earnings per share from continuing operations was CNY 1.23 compared to CNY 0.41 a year ago.
ASIA CUANON TECHNOLOGY (SHANGHAI) CO., LTD. is a China-based company principally engaged in research, development, manufacturing, sales and service-providing of building insulation decoration integrated products, building insulation materials, functional architectural coatings and its application systems. The Company operates through two main segments. The Main Business segment is principally involved in the sales of building decoration materials, including insulation decorative panels, real gold fire insulation board and functional architectural coatings, among others. The Other Business segment is mainly engaged in the sales of related supporting materials.