Nanjing Chemical Fiber Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 09, 2020 at 03:47 am EDT
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Nanjing Chemical Fiber Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 657.709 million compared to CNY 990.541 million a year ago. Operating loss was CNY 162.975 million compared to CNY 19.948 million a year ago. Net loss was CNY 131.385 million compared to net income of CNY 6.207 million a year ago. Basic loss per share from continuing operations was CNY 0.36 compared to basic earnings per share from continuing operations of CNY 0.02 a year ago.
Nanjing Chemical Fibre Co Ltd is a China-based company principally engaged in the production and sales of viscose staple fiber, polyethylene terephthalate (PET) structural core materials, and urban ecological water supply business. The Company primarily operates businesses through four segments. The Chemical segment is mainly engaged in the sales business of urban ecological water supply. The Bio-based segment mainly provides viscose staple fiber and lyocell fiber products. Shanghai Yueke segment mainly provides PET structural core material products. The Other segment is mainly engaged in the leasing of fixed assets, intangible assets, packaging materials, sales materials and other business. The Company distributes its products within the domestic market and to overseas markets.
NANJING CHEMICAL FIBER CO., LTD. 