Shanghai Kinlita Chemical Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 08:21 am EDT
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Shanghai Kinlita Chemical Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 239.616 million compared to CNY 114.672 million a year ago. Operating income was CNY 23.430 million compared to CNY 1.293 million a year ago. Net income was CNY 22.039 million compared to CNY 391,196.61 a year ago. Basic earnings per share from continuing operations was CNY 0.0451 compared to CNY 0.0008 a year ago.
Shanghai Kinlita Chemical Co., Ltd. is a China-based company principally engaged in the manufacture, processing and sales of coating products, solvents and additives, as well as the provision of related technical consulting and after-sales services. The Company's main products include cathodic electrophoretic coatings, topcoats, environmentally friendly and energy-saving materials and ceramic coatings. The Company's products are mainly used in automobiles, agricultural machinery, construction machinery, motorcycles, auto parts, light industrial parts and building curtain walls. The Company distributes its products in domestic market, with East China as its main market.
SHANGHAI KINLITA CHEMICAL CO., LTD. 
