Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 21, 2022 at 07:14 am EDT
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Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,730.06 million compared to CNY 1,281.51 million a year ago. Revenue was CNY 1,730.06 million compared to CNY 1,281.51 million a year ago. Net income was CNY 359.2 million compared to CNY 276.28 million a year ago. Basic earnings per share from continuing operations was CNY 0.311 compared to CNY 0.239 a year ago. Diluted earnings per share from continuing operations was CNY 0.311 compared to CNY 0.239 a year ago.
Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. is a China-based company principally engaged in the research, development, production and sale of functional film. The Company's main products include polymer composites, new optoelectronic materials, optical film, solar cell backing film, back sheets, polyester capacitive film, variable information materials, heat shrinkable materials and polyester base film. The Company's products are mainly used in the area of packaging in food, beverage, medicine and daily necessity industries. The Company distributes its products in domestic and to overseas markets.