Xianhe Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 08:01 pm EDT
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Xianhe Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,677.95 million compared to CNY 1,525.96 million a year ago. Revenue was CNY 1,677.95 million compared to CNY 1,525.96 million a year ago. Net income was CNY 145.99 million compared to CNY 279.76 million a year ago. Basic earnings per share from continuing operations was CNY 0.21 compared to CNY 0.4 a year ago.
Xianhe Co., Ltd. is a China-based company principally engaged in the research and development, manufacture and sales of specialty papers. The Company's main products include paper used in tobacco industry, paper used in home decorating, paper used in business communications and anti-counterfeiting, paper used in food and medical packaging, paper used in labels, electrical and industrial paper, paper used in thermal transfer, low quantitative publishing printing paper and others. The Company mainly distributes its products within domestic market.