Puyang Huicheng Electronic Material Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 28, 2020 at 08:59 am EDT
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Puyang Huicheng Electronic Material Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 656.962 million compared to CNY 512.227 million a year ago. Operating income was CNY 165.227 million compared to CNY 134.227 million a year ago. Net income was CNY 140.197 million compared to CNY 114.820 million a year ago. Basic earnings per share from continuing operations was CNY 0.55 compared to CNY 0.45 a year ago.
Puyang Huicheng Electronic Material Co.,Ltd is a China-based company principally engaged in the research and development, manufacture and sale of anhydride maleic anhydride derivatives, fluorene and other fine chemicals. The Company's main products include Tetrahydrophthalic Anhydride, Hexahydrophthalic Anhydride, Methyl Tetrahydrophthalic Anhydride and carbic anhydride, among others. The Company's anhydride maleic anhydride derivatives are mainly used for epoxy resin curing and the synthesis of polyester resin and alkyd resin. The Companyâs products are applied in electronic component encapsulation, electrical equipment insulation materials, coatings, composite materials, photolectric material and pharmaceutical intermediates. The Company distributes its products in domestic market and to overseas markets.