Dehua Tb New Decoration Material Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2021
April 19, 2021 at 05:41 am EDT
Share
DeHua TB New Decoration Material Co.,Ltd announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 1,367.232 million compared to CNY 474.724 million a year ago. Operating income was CNY 128.410 million compared to operating loss of CNY 29.524 million a year ago. Net income was CNY 102.832 million compared to net loss of CNY 28.333 million a year ago. Basic earnings per share from continuing operations was CNY 0.13 compared to basic loss per share from continuing operations of CNY 0.04 a year ago.
DEHUA TB NEW DECORATION MATERIAL CO.,LTD is a China-based company principally engaged in the research, development, manufacture and distribution of decoration materials. The Company mainly operates through three business segments. Decoration Material segment is mainly engaged in the production and sale decorative plates, paint, wall coatings, wallpaper, decoration hardware, veneer and adhesive products. Home Furnishing segment is mainly engaged in the production and sale of customized household products, such as floor boards, wardrobes, wooden doors and integrated wall panels. Internet Business segment is mainly engaged in electronic commerce agency operation, as well as Internet value-added services and electronic commerce business. The Company is also involved in engineered wood business, adhesive business and exporting business.
DEHUA TB NEW DECORATION MATERIAL CO.,LTD 
