Jiangsu Sanfangxiang Industry Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 10:55 am EDT
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Jiangsu Sanfangxiang Industry Co. Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 4,141.324 million compared to CNY 4,207.154 million a year ago. Operating income was CNY 170.487 million compared to CNY 58.277 million a year ago. Net income was CNY 158.412 million compared to CNY 15.099 million a year ago. Basic earnings per share from continuing operations was CNY 0.0433 compared to CNY 0.0041 a year ago.
Jiangsu Sanfame Polyester Material Co Ltd, formerly Jiangsu Sanfame Co Ltd, is a China-based company mainly engaged in the production and sales of bottle-grade polyester chips and purified terephthalic acid (PTA). The Company is also engaged in textile business, chemical business and thermal power business. The textile business is mainly engaged in the production and sales of various cotton yarns, printed and dyed fabrics, polyester-cotton fabrics, yarn-dyed fabrics, etc., as well as fabric dyeing and finishing, printing and cotton spinning processing. The chemical business is mainly engaged in the research and development, production and sales of polybutylene terephthalate (PBT) engineering plastics. Its products are used in various household appliances, electronic products and automotive plastic parts. The main products of the thermoelectric business are electricity and steam. The Company conducts its businesses within the China market and to overseas markets.
JIANGSU SANFAME POLYESTER MATERIAL CO.,LTD. 
