Grinm Advanced Materials Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 27, 2021 at 04:26 am EDT
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Grinm Advanced Materials Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 12,270.67 million compared to CNY 8,729.72 million a year ago. Revenue was CNY 12,270.67 million compared to CNY 8,729.72 million a year ago. Net income was CNY 212 million compared to CNY 149.44 million a year ago. Basic earnings per share from continuing operations was CNY 0.261 compared to CNY 0.177 a year ago. Diluted earnings per share from continuing operations was CNY 0.261 compared to CNY 0.177 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.