Shenyang Chemical Industry Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 21, 2021 at 06:08 am EDT
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Shenyang Chemical Industry Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 2,809.107 million compared to CNY 1,285.441 million a year ago. Operating income was CNY 394.964 million compared to operating loss of CNY 141.220 million a year ago. Net income was CNY 312.985 million compared to net loss of CNY 149.370 million a year ago. Basic earnings per share from continuing operations was CNY 0.382 compared to basic loss per share from continuing operations of CNY 0.182 a year ago.
Shenyang Chemical Industry Co., Ltd. is principally engaged in the production and sale of chloro-alkali and petrochemical products. The Company operates in three segments, including Petrochemical Industry, Chloro-alkali and Polyether. Its major products include polyvinyl chloride (PVC) resin, petrol, diesel, propylene oxide, propylene, caustic soda, acrylic acid, acrylic ester and polyethylene (PE), among others. The Company operates its business mainly in Shenyang, Liaoning province, China.