Suzhou Xingye Materials Technology Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 26, 2021 at 09:01 am
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Suzhou Xingye Materials Technology Co.,Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 1,461.085 million compared to CNY 1,289.832 million a year ago. Operating income was CNY 141.753 million compared to CNY 154.824 million a year ago. Net income was CNY 119.794 million compared to CNY 132.611 million a year ago. Basic earnings per share from continuing operations was CNY 0.59 compared to CNY 0.66 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. 
