Yantai Tayho Advanced Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 19, 2022 at 07:14 am EDT
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Yantai Tayho Advanced Materials Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,055.62 million compared to CNY 954.67 million a year ago. Revenue was CNY 1,055.62 million compared to CNY 954.67 million a year ago. Net income was CNY 145.88 million compared to CNY 177.01 million a year ago. Basic earnings per share from continuing operations was CNY 0.21 compared to CNY 0.26 a year ago. Diluted earnings per share from continuing operations was CNY 0.21 compared to CNY 0.26 a year ago.
Tayho Advanced Materials Group Co Ltd, formerly Yantai Tayho Advanced Materials Co Ltd, is a China-based company, principally engaged in the manufacture and distribution of high-performance fibers. Its products include spandex fiber products under the brand name New Star, which are applied in the production of apparels, sports suits, swimming suits, underwear, medical products and automobile internal decorations; meta-aramid fiber products under the brand name Tametar, which are applied in personal protection, environmental protection, industrial felt and other areas, as well as para-aramid fiber products under the brand name Taparan, which are applied in the manufacture of sports devices, reinforcing materials, friction and sealing materials, composite materials, as well as protection materials, among others. The Company distributes its products within domestic and overseas markets.