Tongkun Group Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
August 17, 2021 at 05:44 am EDT
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Tongkun Group Co., Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was CNY 30,185.879 million compared to CNY 21,343.220 million a year ago. Operating income was CNY 4,650.972 million compared to CNY 1,030.077 million a year ago. Net income was CNY 4,133.751 million compared to CNY 1,009.286 million a year ago. Basic earnings per share from continuing operations was CNY 1.82 compared to CNY 0.55 a year ago. Diluted earnings per share from continuing operations was CNY 1.82 compared to CNY 0.5 a year ago.
Tongkun Group Co Ltd is a China-based company principally engaged in the production and sales of chemical fibers. The Company operates in two segments. Chemical Fiber segment is mainly engaged in the production and sales of various types of civilian polyester filaments. Petrochemical segment is mainly engaged in the production of purified terephthalic acid (PTA) for chemical fiber raw materials. The Company's main products include polyester pre oriented yarn (POY), stretch textured yarn (DTY), fully stretched yarn (FDY), and polyethylene terephthalate (PET) chips. Its products are mainly used in the fields of clothing and home textiles. The Company's products are sold to domestic market and overseas markets.