Zhe Jiang Taihua New Material Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 26, 2020 at 03:50 am EDT
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Zhe Jiang Taihua New Material Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,669.942 million compared to CNY 1,975.380 million a year ago. Operating income was CNY 103.238 million compared to CNY 224.043 million a year ago. Net income was CNY 92.491 million compared to CNY 193.085 million a year ago. Basic earnings per share from continuing operations was CNY 0.12 compared to CNY 0.25 a year ago. Diluted earnings per share from continuing operations was CNY 0.12 compared to CNY 0.23 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 
