Zhe Jiang Taihua New Material Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 29, 2021 at 05:43 am EDT
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Zhe Jiang Taihua New Material Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 3,067.77 million compared to CNY 1,669.94 million a year ago. Revenue was CNY 3,067.77 million compared to CNY 1,669.94 million a year ago. Net income was CNY 377.2 million compared to CNY 92.49 million a year ago. Basic earnings per share from continuing operations was CNY 0.46 compared to CNY 0.12 a year ago. Diluted earnings per share from continuing operations was CNY 0.44 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.