Hubei Kailong Chemical Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 07:12 am EDT
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Hubei Kailong Chemical Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 686.97 million compared to CNY 531.96 million a year ago. Revenue was CNY 686.97 million compared to CNY 531.96 million a year ago. Net income was CNY 65.74 million compared to net loss of CNY 6.23 million a year ago. Basic earnings per share from continuing operations was CNY 0.17 compared to basic loss per share from continuing operations of CNY 0.02 a year ago. Diluted earnings per share from continuing operations was CNY 0.17 compared to diluted loss per share from continuing operations of CNY 0.02 a year ago.
HUBEI KAILONG CHEMICAL GROUP CO., LTD. is principally engaged in the manufacture and distribution of industrial explosives. The Company primarily provides modified ammonium nitrate-fuel oil explosives, including modified ammonium nitrate-fuel oil explosives for rocks; expanded ammonium nitrate explosives, including expanded ammonium nitrate explosives for rocks and expanded ammonium nitrate explosives for coal mines; emulsion explosives, including emulsion explosives for rocks and emulsion explosives for coal mines, as well as seismic explosive columns, including seismic explosive columns with low, medium and high detonation velocities, high power seismic explosive columns, emulsion seismic explosive columns and high strength seismic explosive columns. Its products are applied in petroleum, coal, mining, metallurgy, transportation, hydraulic, electric power, construction, national defense and other fields.