Malion New Materials Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 20, 2021 at 08:13 am EDT
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Malion New Materials Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 1,231.21 million compared to CNY 1,105.45 million a year ago. Revenue was CNY 1,231.21 million compared to CNY 1,105.45 million a year ago. Net income was CNY 15.81 million compared to CNY 66.31 million a year ago. Basic earnings per share from continuing operations was CNY 0.033 compared to CNY 0.145 a year ago. Diluted earnings per share from continuing operations was CNY 0.033 compared to CNY 0.143 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.