Zhe Jiang Taihua New Material Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 27, 2020 at 03:06 pm EDT
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Zhe Jiang Taihua New Material Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 2,690.568 million compared to CNY 2,974.332 million a year ago. Operating income was CNY 221.567 million compared to CNY 410.362 million a year ago. Net income was CNY 195.894 million compared to CNY 344.603 million a year ago. Basic earnings per share from continuing operations was CNY 0.26 compared to CNY 0.45 a year ago. Diluted earnings per share from continuing operations was CNY 0.24 compared to CNY 0.45 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 
