Shenyang Chemical Industry Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 05:18 am EDT
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Shenyang Chemical Industry Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,453.98 million compared to CNY 2,809.11 million a year ago. Revenue was CNY 1,453.98 million compared to CNY 2,809.11 million a year ago. Net loss was CNY 114.29 million compared to net income of CNY 312.99 million a year ago. Basic loss per share from continuing operations was CNY 0.139 compared to basic earnings per share from continuing operations of CNY 0.382 a year ago. Diluted loss per share from continuing operations was CNY 0.139 compared to diluted earnings per share from continuing operations of CNY 0.382 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.