Hongbaoli Group Corporation, Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 15, 2022 at 11:11 am
Share
Hongbaoli Group Corporation, Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 713.74 million compared to CNY 834.59 million a year ago. Revenue was CNY 713.74 million compared to CNY 834.59 million a year ago. Net loss was CNY 30.71 million compared to net income of CNY 27.06 million a year ago. Basic loss per share from continuing operations was CNY 0.04 compared to basic earnings per share from continuing operations of CNY 0.04 a year ago. Diluted loss per share from continuing operations was CNY 0.04 compared to diluted earnings per share from continuing operations of CNY 0.04 a year ago.
Hongbaoli Group Corp Ltd is a China-based company mainly engaged in the research and development, production and sales of chemical raw materials and products. The Company's main products include polyurethane rigid foam combination polyether, special polyether, isopropanolamine series products and other propylene oxide derivatives, as well as propylene oxide, diisopropylbenzene peroxide, dipropylene glycol and polyurethane insulation board. The Company's products are mainly used in refrigerators, freezers, refrigerated containers, building exterior wall insulation, tank insulation, cleaning agents, desulfurizers in oil and gas refining, pharmaceutical pesticide intermediates, propylene diamine, titanium dioxide, electronic cleaning, metal cutting, cement admixtures, curing agents, new energy and other industries. The Company mainly conducts its businesses in domestic and overseas markets.