Longyan Zhuoyue New Energy Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 25, 2021 at 04:59 am EDT
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Longyan Zhuoyue New Energy Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 402.857 million compared to CNY 304.362 million a year ago. Operating income was CNY 59.155 million compared to CNY 36.299 million a year ago. Net income was CNY 57.329 million compared to CNY 35.355 million a year ago. Basic earnings per share from continuing operations was CNY 0.48 compared to CNY 0.29 a year ago.
Longyan Zhuoyue New Energy Co Ltd is a China-based company mainly engaged in the research, development, manufacture and sales of biodiesel and derivative products. The Company's products mainly include biodiesel, industrial glycerin, bio-ester plasticizer, environmentally friendly alkyd resin, etc. Its products are mainly used in power fuels, bio-based materials, polyvinyl chloride (PVC) products, plastic runways, paints, coatings, resins, paper, leather, and automotive antifreeze. The Company mainly conducts its businesses in domestic and overseas markets.