Shanghai Shunho New Materials Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023
April 26, 2023 at 05:33 am EDT
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Shanghai Shunho New Materials Technology Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 278.89 million compared to CNY 357.34 million a year ago. Revenue was CNY 278.89 million compared to CNY 357.34 million a year ago.
Net income was CNY 8.3 million compared to net loss of CNY 3.81 million a year ago. Basic earnings per share from continuing operations was CNY 0.0078 compared to basic loss per share from continuing operations of CNY 0.0036 a year ago. Diluted earnings per share from continuing operations was CNY 0.0078 compared to diluted loss per share from continuing operations of CNY 0.0036 a year ago.
Shanghai Shunho New Materials Technology Co.,Ltd., formerly Shanghai Luxin Packing Materials Science & Technology Co., Ltd., is a China-based company principally engaged in the research, development, manufacture, processing and distribution of packaging products. The Company's main products include vacuum metalized papers, polypropylene fibers for cigarettes, as well as white cardboards and laminated papers. The Company is also involved in the provision of printing materials, hologram papers as well as optical anti-counterfeiting films, among others. The Company's products are applied in the packing of tobaccos, food, beverages, sports goods, liquors and others. In addition, the Company also engages in the research, manufacture and distribution of natural biological fertilizer and organic feed, as well as the development of network technology, among others. The Company distributes its products within domestic market and to overseas markets.