Kingfa Tech Releases 1H 2020 Financials with 37.7% Revenue Increase
Kingfa Sci & Tec Co (600143:SH) published the semi-annual financials, with revenue of CNY 16.93 billion, net profits of CNY 2.41 billion and EPS of CNY 0.94. The net profit of the first half-year realized 373.27% growth compared to the same period last year.
The company primarily engages in research, development and manufacturing of high-performance modified plastics. Amid the COVID-19 pandemic, the company oriented its production capacities to producing surgical masks. The medical products business achieved a semi-annual revenue of CNY 1.63 billion.