Hongbaoli Group Corporation, Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
August 24, 2021 at 05:12 am EDT
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Hongbaoli Group Corporation, Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was CNY 1,737.265 million compared to CNY 969.365 million a year ago. Operating income was CNY 38.070 million compared to CNY 63.983 million a year ago. Net income was CNY 31.927 million compared to CNY 51.824 million a year ago. Basic earnings per share from continuing operations was CNY 0.05 compared to CNY 0.09 a year ago.
Hongbaoli Group Corp Ltd is a China-based company mainly engaged in the research and development, production and sales of chemical raw materials and products. The Company's main products include polyurethane rigid foam combination polyether, special polyether, isopropanolamine series products and other propylene oxide derivatives, as well as propylene oxide, diisopropylbenzene peroxide, dipropylene glycol and polyurethane insulation board. The Company's products are mainly used in refrigerators, freezers, refrigerated containers, building exterior wall insulation, tank insulation, cleaning agents, desulfurizers in oil and gas refining, pharmaceutical pesticide intermediates, propylene diamine, titanium dioxide, electronic cleaning, metal cutting, cement admixtures, curing agents, new energy and other industries. The Company mainly conducts its businesses in domestic and overseas markets.