Shanghai Hongda New Material Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 27, 2021 at 11:08 am
Share
Shanghai Hongda New Material Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 406.22 million compared to CNY 657.78 million a year ago. Revenue was CNY 406.22 million compared to CNY 657.78 million a year ago. Net loss was CNY 204.53 million compared to net income of CNY 34.29 million a year ago. Basic loss per share from continuing operations was CNY 0.4729 compared to basic earnings per share from continuing operations of CNY 0.0793 a year ago. Diluted loss per share from continuing operations was CNY 0.4729 compared to diluted earnings per share from continuing operations of CNY 0.0793 a year ago.
Shanghai Hongda New Material Co., LTD., formerly Jiangsu Hongda New Material Co., Ltd., is a China-based company principally engaged in the production and sales of high-temperature silicone rubbers. The Company's main products include raw rubbers, rubber compounds and specialty adhesives. The Company's products are mainly used in household appliances, transportation and automotive fields. The Company distributes its products both in the domestic market and to overseas markets.