Longyan Zhuoyue New Energy Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 30, 2021 at 03:16 pm EDT
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Longyan Zhuoyue New Energy Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 1,598.397 million compared to CNY 1,294.528 million a year ago. Operating income was CNY 258.164 million compared to CNY 219.818 million a year ago. Net income was CNY 242.219 million compared to CNY 215.564 million a year ago. Basic earnings per share from continuing operations was CNY 2.02 compared to CNY 2.33 a year ago.
Longyan Zhuoyue New Energy Co Ltd is a China-based company mainly engaged in the research, development, manufacture and sales of biodiesel and derivative products. The Company's products mainly include biodiesel, industrial glycerin, bio-ester plasticizer, environmentally friendly alkyd resin, etc. Its products are mainly used in power fuels, bio-based materials, polyvinyl chloride (PVC) products, plastic runways, paints, coatings, resins, paper, leather, and automotive antifreeze. The Company mainly conducts its businesses in domestic and overseas markets.