Zhejiang Walrus New Material Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 05:25 pm EDT
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Zhejiang Walrus New Material Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 404.18 million compared to CNY 362.61 million a year ago. Revenue was CNY 404.18 million compared to CNY 362.61 million a year ago. Net income was CNY 17.21 million compared to CNY 25.57 million a year ago. Basic earnings per share from continuing operations was CNY 0.17 compared to CNY 0.25 a year ago. Diluted earnings per share from continuing operations was CNY 0.17 compared to CNY 0.25 a year ago.
Zhejiang Walrus New Material Co Ltd is a China-based company mainly engaged in the research, development, production and sales of polyvinyl chloride (PVC) floors. The Company's products mainly include luxury vinyl tile (LVT) floors, wood plastic composite (WPC) floors and stone plastic composite (SPC) floors. The Company's products are mainly used for indoor floor decoration of buildings. Its products are applied in shopping malls, hotels, office buildings, hospitals, schools, stadiums and other public buildings and residences. The Company distributes its products in domestic market and to overseas markets.