Grinm Advanced Materials Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 15, 2022 at 05:44 am EDT
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Grinm Advanced Materials Co., Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 16,007.01 million compared to CNY 12,924.12 million a year ago. Revenue was CNY 16,058.61 million compared to CNY 12,969.04 million a year ago. Net income was CNY 238.76 million compared to CNY 170.29 million a year ago. Basic earnings per share from continuing operations was CNY 0.3 compared to CNY 0.2 a year ago. Diluted earnings per share from continuing operations was CNY 0.3 compared to CNY 0.2 a year ago.
Grinm Advanced Materials Co Ltd is a China-based company principally engaged in the production and sales of high-purity metal targets, rare earth materials, special infrared optical and optoelectronic materials, and biomedical materials. The Company operates its businesses through five segments. The High-purity/Ultra-high-purity Metal Materials segment is engaged in the production of platinum group, thin film materials, precious metals, non-ferrous metals and high-end manufacturing products. The Rare Earth Materials segment is engaged in the production of rare earth materials. The Infrared Optics/Optical Fiber Optoelectronic Materials segment is engaged in the production of infrared optics and optical fiber optoelectronic materials. The Medical Device Materials segment is engaged in the production of medical device materials. The Other segments is engaged in investment management business. The Company mainly operates its businesses in the domestic market and overseas markets.