Hubei Xingfa Chemicals Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 05:20 am EDT
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Hubei Xingfa Chemicals Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 8,574.95 million compared to CNY 4,497.8 million a year ago. Revenue was CNY 8,574.95 million compared to CNY 4,497.8 million a year ago. Net income was CNY 1,723.47 million compared to CNY 356.04 million a year ago. Basic earnings per share from continuing operations was CNY 1.55 compared to CNY 0.32 a year ago. Diluted earnings per share from continuing operations was CNY 1.55 compared to CNY 0.32 a year ago.
Hubei Xingfa Chemicals Group Co., Ltd. is a China-based company principally engaged in the production and sales of phosphorus chemical products. The Company's primary products include phosphate ores, yellow phosphorus, phosphoric acid, industrial grade and food grade sodium tripolyphosphate, industrial and food grade sodium hexametaphosphate, monoammonium phosphate, diammonium phosphate, glyphosate, organosilicone, Chlor-alkali and others. The Company is also engaged in the trading of related chemical products through its subsidiaries. The Company mainly distributes its products in domestic and overseas markets.