Kangda New Materials Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 27, 2021 at 05:41 am EDT
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Kangda New Materials (Group) Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 1,421.42 million compared to CNY 1,318.3 million a year ago. Revenue was CNY 1,421.42 million compared to CNY 1,318.3 million a year ago. Net income was CNY 2.24 million compared to CNY 185.27 million a year ago. Basic earnings per share from continuing operations was CNY 0.009 compared to CNY 0.735 a year ago. Diluted earnings per share from continuing operations was CNY 0.009 compared to CNY 0.735 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.