Shenzhen Textile Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 27, 2021 at 05:30 pm
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Shenzhen Textile (Holdings) Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was CNY 552.950 million compared to CNY 384.038 million a year ago. Operating income was CNY 68.823 million compared to operating loss of CNY 11.438 million a year ago. Net income was CNY 42.776 million compared to net loss of CNY 5.827 million a year ago.
Shenzhen Textile Holdings Co Ltd is a China-based company mainly engaged in the research and development, production and sales of polarizers. The Company conducts its business through two segments. The Polarizer Business segment's products cover the fields of twisted nematic (TN), super twisted nematic (STN), thin film transistor (TFT), organic light-emitting diode (OLED), three-dimensional graphics (3D), dye sheets, optical films for touch screens and others, which are mainly used in televisions, laptops, navigation systems, displays, automotive, industrial control, instrumentation, smart phones, wearable devices, 3D glasses, sunglasses and other products. The Property Leasing Business and Other Business segment is mainly engaged in the operation and management of owned properties and the textile and garment business. The Company mainly conducts its business in the domestic and foreign markets.