Luyin Investment Group Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 26, 2021 at 09:56 am
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Luyin Investment Group Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 2,169.16 million compared to CNY 1,948.08 million a year ago. Net income was CNY 137.45 million compared to CNY 152.28 million a year ago. Basic earnings per share from continuing operations was CNY 0.24 compared to CNY 0.27 a year ago. Diluted earnings per share from continuing operations was CNY 0.24 compared to CNY 0.27 a year ago.
Luyin Investment Group Co Ltd is a Chinese company mainly engaged in salt and new materials business. The Company operates its business through the Powders and Products Segment, Salt Industry Segment, Textile Industry Segment, Commerce and Trading Segment and New Energy Segment. The Company's salt products include table salt and domestic salt, industrial salt, and bromine. The products are mainly used in edible and food processing, alkali industrial salt, printing and dyeing, and tanning industries. The Company's main new material products are reduction series, water atomized series steel powder and high-performance alloy special powder materials. The products are mainly used in automobiles, motorcycles, home appliances and other industries.