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4 listed firms in Zhongshan make good starts in Q1
Updated: 2020-05-08    Source: Zhongshan Daily Large Medium Small Print

Affected by the epidemic in the first quarter of this year, many listed companies' operating income and profits declined. While some suffered losses, some listed companies made good starts against the trend.

According to the first quarter reports of Zhongshan listed companies, Ming Yang Smart Energy, C&S Paper Co Ltd, Chant Group and Transtek Medical all achieved year-on-year growth in operating income and net profits attributable to the shareholders of the listed companies.

Ming Yang Smart Energy reached an operating income of 2.977 billion yuan in the first quarter, up 70.56% year-on-year, owing to an increase in unit delivery volume. Its net profit was 147 million yuan, up 277.59% year-on-year.

After the outbreak of the epidemic, C&S Paper Co Ltd resolved to increase its market investment, strengthen its promotion efforts and develop its sales network, maintaining growth in the first quarter. Its operating income reached 1.671 billion yuan, up 8.46% year on year. Its net profit was 183 million yuan, up 48.67% year on year.

With new biomass projects put into production, Chant Group's performance continues to grow. In the first quarter, its operating income exceeded 500 million yuan, up 2.69% year on year, and its net profit reached 52.734 million yuan, up 9.72%.

Transtek Medical has also accelerated its production of epidemic prevention materials such as medical devices. In the first quarter, the company realized a total operating income of 160 million yuan, up 2.14% year on year. The net profit reached 5.0464 million yuan, up 104.60% from the same period last year.

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