Huarong Chemical Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 08:33 am EDT
Share
Huarong Chemical Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 161.56 million compared to CNY 144.76 million a year ago. Revenue was CNY 161.56 million compared to CNY 144.76 million a year ago. Net income was CNY 6.3 million compared to CNY 25.4 million a year ago. Basic earnings per share from continuing operations was CNY 0.02 compared to CNY 0.07 a year ago. Diluted earnings per share from continuing operations was CNY 0.02 compared to CNY 0.07 a year ago.
Huarong Chemical Co Ltd is a China-based company principally engaged in the production and sales of potassium hydroxide and related chemical products. The Company's main products consist of fine potassium products and chlorine products, including solid and liquid potassium hydroxide, polyvinyl chloride resin, hydrochloric acid, sodium hypochlorite and liquid chlorine. The Company's products are mainly used in chemical, water treatment, metallurgy, textile, building materials, agriculture and other fields. The Company distributes products within domestic market and to overseas markets, including South Korea, Malaysia, India, South Africa, Brazil and Australia, among others.