Jiangsu Huaxicun Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 29, 2020 at 05:33 am EDT
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Jiangsu Huaxicun Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 3,186.874 million compared to CNY 2,932.193 million a year ago. Operating income was CNY 817.902 million compared to CNY 422.494 million a year ago. Net income was CNY 561.843 million compared to CNY 320.977 million a year ago. Basic earnings per share from continuing operations was CNY 0.63 compared to CNY 0.36 a year ago.
JIANGSU HUAXICUN CO.,LTD. is a China-based company principally engaged in the research, development, production and sale of textile chemical fiber products. The Company operates through three business segments. Polyester Fiber segment mainly provides polyester staple fibers. Petrochemical Warehousing and Logistics segment mainly provides terminal loading and unloading, warehousing, barging transit and pipeline transportation services for liquid chemicals. Investment segment is mainly involved in merger and acquisition investment, venture capital, asset management and strategic investment. The Company operates its business in domestic market.