Tongkun Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 08:26 am EDT
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Tongkun Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 12,994.29 million compared to CNY 11,133.05 million a year ago. Revenue was CNY 12,994.29 million compared to CNY 11,133.05 million a year ago. Net income was CNY 1,503.21 million compared to CNY 1,717.04 million a year ago. Basic earnings per share from continuing operations was CNY 0.62 compared to CNY 0.76 a year ago. Diluted earnings per share from continuing operations was CNY 0.62 compared to CNY 0.76 a year ago.
TONGKUN GROUP CO., LTD. is principally engaged in the research, development, manufacture and distribution of civil-used polyester filaments. The Company primarily provides pre-oriented yarns (POYs), draw textured yarns (DTYs), full draw yarns (FDYs), polyethylene terephthalate (PET) chips, spinning oil, among others. Its products are applied primarily in the manufacture of apparels and household textile products. The Company distributes its products in domestic and overseas markets.