Malion New Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 09:08 am EDT
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Malion 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 610.31 million compared to CNY 449.15 million a year ago. Revenue was CNY 610.31 million compared to CNY 449.15 million a year ago. Net income was CNY 90.93 million compared to CNY 20.04 million a year ago. Basic earnings per share from continuing operations was CNY 0.1734 compared to CNY 0.0439 a year ago. Diluted earnings per share from continuing operations was CNY 0.1712 compared to CNY 0.0439 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. 
