Shandong Polymer Biochemicals Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 21, 2021 at 03:42 am EDT
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Shandong Polymer Biochemicals Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 447.314 million compared to CNY 416.892 million a year ago. Operating income was CNY 17.292 million compared to operating loss of CNY 24.424 million a year ago. Net income was CNY 13.182 million compared to CNY 91.245 million a year ago. Basic earnings per share from continuing operations was CNY 0.0215 compared to CNY 0.1491 a year ago.
Shandong Polymer Bio-chemicals Co., Ltd. is a China-based company principally engaged in the businesses of energy and environmental protection. The Company operates through three main segments. The Chemical Products segment is mainly engaged in the production and sales of polyacrylamide and related chemicals for tertiary recovery and water treatment. The Oil and Gas Exploration and Development and Technical Services segment is mainly engaged in the exploration and development of oil and gas, as well as the provision of technical services, including comprehensive completed wells and oil and gas field production comprehensive management and others. The Environmental Water Treatment segment is mainly involved in the treatment of petroleum and petrochemical waste water, oil and sand, drilling fluid, fracturing fluid and others.
SHANDONG POLYMER BIOCHEMICALS CO., LTD. 
