Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 10:44 am EDT
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Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 67.14 million compared to CNY 69.53 million a year ago. Revenue was CNY 67.14 million compared to CNY 69.53 million a year ago. Net income was CNY 1.27 million compared to net loss of CNY 7.76 million a year ago. Basic earnings per share from continuing operations was CNY 0.0098 compared to basic loss per share from continuing operations of CNY 0.0612 a year ago. Diluted earnings per share from continuing operations was CNY 0.0098 compared to diluted loss per share from continuing operations of CNY 0.0612 a year ago.
Hangzhou Gaoxin Materials Technology Co Ltd, formerly Hangzhou Gaoxin Rubber & Plastic Materials Co Ltd, is a China-based company mainly engaged in the research, development, production and sales of polymer materials for cables. The Company's main products include special Polyvinyl chloride (PVC) cable materials, special polyethylene and cross-linked polyethylene cable materials, halogen-free low-smoke flame retardant cable materials, rubber-plastic modified elastomers, general PVC cable materials and chemical cross-linked cable material. The Company's products are mainly used in power grids, solar energy, nuclear power, wind energy, hydropower, rail transit, ships, mining, communications, construction, aerospace and other fields. The Company mainly conducts its businesses in the domestic market.