Zhejiang Jianye Chemical Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 27, 2020 at 04:40 am EDT
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Zhejiang Jianye Chemical Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 332.096 million compared to CNY 438.924 million a year ago. Operating income was CNY 30.025 million compared to CNY 47.721 million a year ago. Net income was CNY 28.031 million compared to CNY 40.054 million a year ago. Basic earnings per share from continuing operations was CNY 0.21 compared to CNY 0.33 a year ago.
Zhejiang Jianye Chemical Co., Ltd. is a China-based company mainly engaged in fine chemical products business. The Company's main business is the manufacturing, research, development and sales of low-carbon fatty amines, plasticizers, acetates, and electronic chemicals. Low-carbon fatty amines are widely used in downstream industries such as pesticides, medicines, coatings, dyes, catalysts, curing agents, new energy materials, cosmetics, food additives, fertilizer slow-release agents, and preservatives. Plasticizers are a class of organic substances that are used to enhance the fluidity of plastics during processing and make plastic products flexible. Acetate is widely used in solvents, plasticizers, surfactants and polymer monomers. The Company distributes its products within domestic market and to overseas markets.
ZHEJIANG JIANYE CHEMICAL CO., LTD. 
