Nantong Acetic Acid Chemical Co., Ltd. Reports Earnings Results for the Fourth Quarter Ended March 31, 2021
April 27, 2021 at 05:07 am EDT
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Nantong Acetic Acid Chemical Co., Ltd. announced earnings results for the fourth quarter ended March 31, 2021. For the fourth quarter, the company announced sales was CNY 640.310 million compared to CNY 504.295 million a year ago. Operating income was CNY 53.569 million compared to CNY 73.051 million a year ago. Net income was CNY 44.426 million compared to CNY 60.164 million a year ago. Basic earnings per share from continuing operations was CNY 0.22 compared to CNY 0.29 a year ago. For the full year, sales was CNY 2,423.961 million compared to CNY 2,257.560 million a year ago. Operating income was CNY 301.103 million compared to CNY 269.148 million a year ago. Net income was CNY 247.568 million compared to CNY 221.019 million a year ago. Basic earnings per share from continuing operations was CNY 1.21 compared to CNY 1.08 a year ago.
Nantong Acetic Acid Chemical Co., Ltd. is principally engaged in the research and development, production and sale of fine chemicals. The Company's products include food and feed additives, such as potassium sorbate and dehydroacetic acid; pharmaceutical and pesticide intermediates, such as dehydroacetic acid and cyanopyridine, and dye and pigment intermediates, such as acetoacetanilide series products. Products are mainly used in the preservation of food and feed, production of pharmaceutical and pesticide, as well as production of dye and pigment. In addition, the Company also produces and sells other organic chemicals.
NANTONG ACETIC ACID CHEMICAL CO., LTD. 
