Kuangda Technology Group Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 28, 2020 at 04:29 am EDT
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Kuangda Technology Group Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,024.846 million compared to CNY 1,130.251 million a year ago. Operating income was CNY 190.788 million compared to CNY 175.335 million a year ago. Net income was CNY 159.713 million compared to CNY 144.503 million a year ago. Basic earnings per share from continuing operations was CNY 0.1086 compared to CNY 0.0982 a year ago.
Kuangda Technology Group Co., Ltd, formerly JIANGSU KUANGDA AUTOMOBILE TEXTILE GROUP CO., LTD., is a China-based company, principally engaged in the research and development, manufacture and distribution of inner decorating materials for automobiles. The Company's products include woven fabrics, warp knitted fabrics and weft knitted fabrics, which are applied in the manufacture of automobile seats, door planks and head rests. The Company is also engaged in the investment and operation of photovoltaic power stations. The Company distributes its products within domestic market and to overseas markets.
KUANGDA TECHNOLOGY GROUP CO., LTD. 
