Jiangsu Changhai Composite Materials Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 09:13 am
Share
Jiangsu Changhai Composite Materials Co., Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 753.99 million compared to CNY 554.19 million a year ago. Net income was CNY 228.01 million compared to CNY 106.05 million a year ago. Basic earnings per share from continuing operations was CNY 0.56 compared to CNY 0.26 a year ago. Diluted earnings per share from continuing operations was CNY 0.53 compared to CNY 0.26 a year ago.
Jiangsu Changhai Composite Materials Co., Ltd is a China-based company principally engaged in the research, development, production and sale of glass fiber products and glass fiber composites. The Company's main products include fiberglass yarn, chopped strand mats, wet thin felts, composite separators and coating felts. The Company's products are mainly used in building materials, rail transportation, petrochemicals, automobile manufacturing, electronic substrates, large tanks, transparent panels and batteries. The Company distributes its products in domestic market and to overseas markets.