Shenyang Chemical Industry Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 27, 2020 at 09:52 am EDT
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Shenyang Chemical Industry Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 1,285.441 million compared to CNY 2,199.143 million a year ago. Operating loss was CNY 141.220 million compared to operating Income of CNY 37.614 million a year ago. Net loss was CNY 149.370 million compared to net income of CNY 32.201 million a year ago. Basic loss per share from continuing operations was CNY 0.182 compared to basic earnings per share from continuing operations of CNY 0.039 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.