Zhe Jiang Taihua New Material Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 24, 2020 at 05:56 am EDT
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Zhe Jiang Taihua New Material Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 1,064.698 million compared to CNY 1,290.095 million a year ago. Operating income was CNY 56.338 million compared to CNY 167.028 million a year ago. Net income was CNY 50.638 million compared to CNY 144.750 million a year ago. Basic earnings per share from continuing operations was CNY 0.07 compared to CNY 0.19 a year ago. Diluted earnings per share from continuing operations was CNY 0.07 compared to CNY 0.17 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 
