Zhe Jiang Taihua New Material Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 26, 2021 at 08:02 am EDT
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Zhe Jiang Taihua New Material Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 2,501.123 million compared to CNY 2,690.568 million a year ago. Operating income was CNY 130.252 million compared to CNY 221.567 million a year ago. Net income was CNY 119.740 million compared to CNY 195.894 million a year ago. Basic earnings per share from continuing operations was CNY 0.16 compared to CNY 0.26 a year ago. Diluted earnings per share from continuing operations was CNY 0.16 compared to CNY 0.24 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 
