Ningbo Runhe High-Tech Materials Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
August 27, 2021 at 06:04 am EDT
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Ningbo Runhe High-Tech Materials Co., Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was CNY 503.936 million compared to CNY 265.551 million a year ago. Operating income was CNY 46.039 million compared to CNY 23.964 million a year ago. Net income was CNY 39.301 million compared to CNY 19.779 million a year ago. Basic earnings per share from continuing operations was CNY 0.31 compared to CNY 0.16 a year ago.
Ningbo Runhe High-Tech Materials Co Ltd is a company engaged in research, development, production and sales of organic silicon deep processing products and textile printing and dyeing auxiliary products. The Company operates two segments. The Silicone Deep Processing Products segment provides silicone oil, silicone rubber, silicone resin, silane coupling agent and other products, which are used to manufacture cosmetic raw materials, agricultural silicone products, light-emitting diode (LED) encapsulant and glass fiber reinforced materials. The Textile Printing and Dyeing Auxiliary segment provides pretreatment aids, such as softeners, water repellents and stiffeners; dyeing and printing aids, such as dispersants, levelling agents and fixing agents; and finishing agents.