Zhe Jiang Taihua New Material Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2019
August 26, 2019 at 01:29 pm EDT
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Zhe Jiang Taihua New Material Co., Ltd. announced earnings results for the half year ended June 30, 2019. For the half year, the company announced sales was CNY 1,290.095 million compared to CNY 1,477.139 million a year ago. Operating income was CNY 167.028 million compared to CNY 285.807 million a year ago. Net income was CNY 144.750 million compared to CNY 234.230 million a year ago. Basic earnings per share from continuing operations was CNY 0.19 compared to CNY 0.31 a year ago. Diluted earnings per share from continuing operations was CNY 0.17 compared to CNY 0.31 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 
