Kangda New Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 07:39 am EDT
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Kangda New Materials (Group) Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 598.66 million compared to CNY 386.64 million a year ago. Net loss was CNY 10.4 million compared to net income of CNY 30.22 million a year ago. Basic loss per share from continuing operations was CNY 0.041 compared to basic earnings per share from continuing operations of CNY 0.12 a year ago. Diluted loss per share from continuing operations was CNY 0.041 compared to diluted earnings per share from continuing operations of CNY 0.12 a year ago.
Kangda New Materials Group Co Ltd, formerly Shanghai Kangda New Materials Group Co Ltd, is a China-based company mainly engaged in the fine chemical industry and military electronics industry. The Company's fine chemical business mainly produces mid-to-high-end adhesives, new functional polymer materials, and fine chemicals. Its products include epoxy glue, acrylic glue, polyurethane glue and styrene-butadiene-styrene block copolymer (SBS) adhesives. Military electronic products mainly include polyimide foam heat insulation materials used in the aviation, aerospace, naval, army, and weapon markets, as well as polyimide foam insulation materials used in the field of marine engineering. The Company mainly conducts business in the domestic market.
KANGDA NEW MATERIALS (GROUP) CO., LTD. 
