Nantong Acetic Acid Chemical Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 19, 2022 at 05:15 am EDT
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Nantong Acetic Acid Chemical Co., Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 2,834.47 million compared to CNY 2,361.68 million a year ago. Revenue was CNY 2,999.29 million compared to CNY 2,423.96 million a year ago. Net income was CNY 174.06 million compared to CNY 247.57 million a year ago. Basic earnings per share from continuing operations was CNY 0.8512 compared to CNY 1.2107 a year ago. Diluted earnings per share from continuing operations was CNY 0.8512 compared to CNY 1.2107 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.