Specialty rubber chemicals producer China Sunsine Chemical Holdings has reported a 69% drop in earnings for 1H20 ended June to RMB82.4 million ($16.3 million) compared to the RMB265.9 million posted a year ago.

This translates to earnings per share (EPS) of 8.46 RMB cents for the half-year period, compared to the 27.09 RMB cents in 1H19.

Group revenue for 1H20 fell 26% y-o-y to RMB1.0 billion due to the decrease in overall average selling price (ASP) and sales volume.

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