Kingfa Sci. & Tech. Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 29, 2021 at 11:07 am
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Kingfa Sci. & Tech. Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 35,061.170 million compared to CNY 29,285.923 million a year ago. Operating income was CNY 5,261.181 million compared to CNY 1,410.359 million a year ago. Net income was CNY 4,587.696 million compared to CNY 1,244.503 million a year ago. Basic earnings per share from continuing operations was CNY 1.7826 compared to CNY 0.474 a year ago.
Kingfa Sci&Tech Co Ltd is a China-based company mainly engaged in the research and development, production and sales of new chemical materials. The Company is also engaged in the production and sales of medical consumables. The Company's main products include modified plastics, environmentally friendly high-performance recycled plastics, fully biodegradable plastics, special engineering plastics, carbon fiber and composite materials, light hydrocarbons and hydrogen energy, polypropylene resins, styrene resins and medical health polymer materials products. The Company's products are widely used in automobiles, home appliances, electronics and electrical engineering, communications electronics, new infrastructure, new energy, modern agriculture, modern logistics, rail transportation, aerospace, high-end equipment, medical health and other industries.
KINGFA SCI. & TECH. CO., LTD. 
