Zhe Jiang Taihua New Material Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 05:15 pm EDT
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Zhe Jiang Taihua New Material Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 945.28 million compared to CNY 738.94 million a year ago. Revenue was CNY 945.28 million compared to CNY 738.94 million a year ago. Net income was CNY 114.76 million compared to CNY 97.92 million a year ago. Basic earnings per share from continuing operations was CNY 0.13 compared to CNY 0.12 a year ago. Diluted earnings per share from continuing operations was CNY 0.13 compared to CNY 0.12 a year ago.
Zhe Jiang Taihua New Material Co Ltd, formerly Zhejiang Taihua New Material Co., Ltd., is a China-based company principally involved in the nylon weaving business. The Company operates through two main segments. The Main Business segment is primarily involved in the research, development, manufacturing and sales of nylon finished fabric-centered textile materials. The Companyâs main products are nylon filament, nylon fabric and nylon finished fabric. The Other Business segment is mainly involved in rental housing and sales of scraps.
ZHEJIANG TAIHUA NEW MATERIAL CO.,LTD 
