Cangzhou Dahua Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 04:04 am EDT
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Cangzhou Dahua Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 202.513 million compared to CNY 557.431 million a year ago. Operating loss was CNY 39.101 million compared to operating Income of CNY 5.122 million a year ago. Net loss was CNY 37.523 million compared to net income of CNY 16.139 million a year ago. Basic loss per share from continuing operations was CNY 0.0911 compared to basic earnings per share from continuing operations of CNY 0.0392 a year ago.
CANGZHOU DAHUA CO., LTD. is a China-based company mainly engaged in the production and sales of chemicals. The Company's primary products include toluene diisocyanate (TDI), urea and ion-exchange membrane caustic soda, among others. The TDI is mainly used in the manufacture of polyurethane foams, elastomers, coatings, adhesives, among others. Urea is mainly used in the agricultural fertilizers, melamine, resins, plastics and pharmaceutical industries. The Company mainly distributes its products in domestic and overseas markets.
CANGZHOU DAHUA CO., LTD. 
