Shenzhen Textile Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 07:14 am EDT
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Shenzhen Textile (Holdings) Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 670.55 million compared to CNY 552.95 million a year ago. Revenue was CNY 670.55 million compared to CNY 552.95 million a year ago. Net income was CNY 17.63 million compared to CNY 42.78 million a year ago. Basic earnings per share from continuing operations was CNY 0.0348 compared to CNY 0.0842 a year ago. Diluted earnings per share from continuing operations was CNY 0.0348 compared to CNY 0.0842 a year ago.
SHENZHEN TEXTILE (HOLDINGS)CO., LTD. is a China-based company principally engaged in the manufacture and sales of polarizers. The Company is also engaged in the property leasing and apparel trading businesses. The Company's polarizers are mainly used in the manufacture of liquid crystal display panels of smart phones, tablet person computer (PCs), television (TVs), organic light emitting diode (OLED) display panels, as well as the filter lens of instruments, sunglasses and photographic equipment. The Company mainly distributes its products in domestic and overseas markets.
SHENZHEN TEXTILE (HOLDINGS) CO., LTD. 
