Jiangsu Sanfame Polyester Material Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 07:48 am EDT
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Jiangsu Sanfame Polyester Material Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 5,333.14 million compared to CNY 4,141.32 million a year ago. Revenue was CNY 5,333.14 million compared to CNY 4,141.32 million a year ago. Net income was CNY 386.08 million compared to CNY 158.41 million a year ago. Basic earnings per share from continuing operations was CNY 0.0991 compared to CNY 0.0433 a year ago. Diluted earnings per share from continuing operations was CNY 0.0991 compared to CNY 0.0433 a year ago.
Jiangsu Sanfame Polyester Material Co Ltd, formerly Jiangsu Sanfame Co Ltd, is a China-based company mainly engaged in the production and sales of bottle-grade polyester chips and purified terephthalic acid (PTA). The Company is also engaged in textile business, chemical business and thermal power business. The textile business is mainly engaged in the production and sales of various cotton yarns, printed and dyed fabrics, polyester-cotton fabrics, yarn-dyed fabrics, etc., as well as fabric dyeing and finishing, printing and cotton spinning processing. The chemical business is mainly engaged in the research and development, production and sales of polybutylene terephthalate (PBT) engineering plastics. Its products are used in various household appliances, electronic products and automotive plastic parts. The main products of the thermoelectric business are electricity and steam. The Company conducts its businesses within the China market and to overseas markets.