Guizhou Redstar Developing Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 08:56 am EDT
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Guizhou RedStar Developing Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 249.316 million compared to CNY 379.635 million a year ago. Operating loss was CNY 12.692 million compared to operating Income of CNY 20.899 million a year ago. Net loss was CNY 10.618 million compared to net income of CNY 16.145 million a year ago. Basic loss per share from continuing operations was CNY 0.036 compared to basic earnings per share from continuing operations of CNY 0.055 a year ago.
Guizhou Redstar Developing Co Ltd is a China-based company principally engaged in the research and development, production and sales of barium salts, strontium salts and manganese series products. Barium salt products mainly include multi-specification special barium carbonate, various types of barium sulfate, high-purity barium carbonate, high-purity barium chloride, and high-purity barium nitrate. Strontium salt products mainly include strontium carbonate, strontium nitrate, strontium chloride, and hydroxide. Strontium, high-purity strontium carbonate, and manganese products mainly include EMD, high-purity manganese sulfate and other products for primary batteries and lithium batteries. The Company is also engaged in the production and sales of battery-grade lithium carbonate and by-products sulfur, thiourea and sodium sulfide, as well as the natural pigment industry.
GUIZHOU REDSTAR DEVELOPING CO.,LTD. 