Suzhou Xingye Materials Technology Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 27, 2022 at 02:54 pm
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Suzhou Xingye Materials Technology Co.,Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 1,955.79 million compared to CNY 1,444.78 million a year ago. Revenue was CNY 1,972.35 million compared to CNY 1,461.09 million a year ago. Net income was CNY 129.67 million compared to CNY 119.79 million a year ago. Basic earnings per share from continuing operations was CNY 0.64 compared to CNY 0.59 a year ago. Diluted earnings per share from continuing operations was CNY 0.64 compared to CNY 0.59 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.