Malion New Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 27, 2021 at 11:02 am EDT
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Malion New Materials Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 449.149 million compared to CNY 364.429 million a year ago. Operating income was CNY 22.058 million compared to CNY 19.483 million a year ago. Net income was CNY 20.039 million compared to CNY 13.511 million a year ago. Basic earnings per share from continuing operations was CNY 0.0439 compared to CNY 0.0296 a year ago.
Malion New Materials Co Ltd is a company engaged in research and development, production and sales of polymer composite coloring materials, and provision of related technical services. The Company operates three segments, including Masterbatch and Related Products segment, Cyanuric Products and Related Products segment and Other segment. Its products include white masterbatch, black masterbatch, color masterbatch, functional masterbatch and cyanuric chloride. The masterbatch products are used in packaging materials, daily plastic products, personal care materials and medical device materials. The cyanuric chloride products are used in dry field pesticide herbicides, optical brighteners, pigments and other industries.
MALION NEW MATERIALS CO., LTD. 
