Wuxi Double Elephant Micro Fibre Material Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 26, 2020 at 04:28 am EDT
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Wuxi Double Elephant Micro Fibre Material Co.,Ltd announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 232.050 million compared to CNY 320.544 million a year ago. Operating income was CNY 4.262 million compared to CNY 5.520 million a year ago. Net income was CNY 3.136 million compared to CNY 3.214 million a year ago. Basic earnings per share from continuing operations was CNY 0.0175 compared to CNY 0.018 a year ago.
Wuxi Double Elephant Micro Fibre Material Co., Ltd. is a China-based company principally engaged in the manufacture and sales of artificial leather, synthetic leather and polymethyl methacrylate (PMMA) resin. The Company's main products include ultra-fine fiber ultra-real leather, polyurethane polyurethane (PU) synthetic leather, polyvinyl chloride (PVC) artificial leather, PMMA resin and others. The Company's products are mainly used in automobiles, furniture, balls and sports equipment, clothing and footwear, luggage and accessories, liquid crystal display (LCD) light guide plates, light-emitting diode (LED) related products, optical fibers, optical lens, solar photovoltaic batteries, compact discs (CDs) and video compact discs (VCDs), building materials, military industry and medical care. The Company distributes its products in domestic market and to overseas markets.
WUXI DOUBLE ELEPHANT MICRO FIBRE MATERIAL CO.,LTD 
