Sanxiang Advanced Materials Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 29, 2020 at 06:16 am EDT
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Sanxiang Advanced Materials Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 490.579 million compared to CNY 577.937 million a year ago. Operating income was CNY 60.993 million compared to CNY 111.158 million a year ago. Net income was CNY 43.811 million compared to CNY 66.591 million a year ago. Basic earnings per share from continuing operations was CNY 0.23 compared to CNY 0.35 a year ago.
Sanxiang Advanced Materials Co., Ltd. is a China-based company principally engaged in the research, design, production and distribution of fused zirconia, casting modified materials, as well as single crystal fused alumina abrasive materials, among others. The Companyâs products include zirconia series products, single crystalline fused alumina series products, cored wire series products, nucleating agent (inoculant) series products, nodulizer series products and silica fume powder series products. The Company operates its business within domestic and overseas markets, including America, Canada, Brazil, France, Italy, Japan, South Korea, Australia, Indonesia, Taiwan and other countries and areas.