Cangzhou Dahua Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 20, 2021 at 03:48 am
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Cangzhou Dahua Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 584.812 million compared to CNY 202.513 million a year ago. Operating income was CNY 88.655 million compared to operating loss of CNY 39.101 million a year ago. Net income was CNY 89.926 million compared to net loss of CNY 37.523 million a year ago. Basic earnings per share from continuing operations was CNY 0.2183 compared to basic loss per share from continuing operations of CNY 0.0911 a year ago.
CANGZHOU DAHUA CO., LTD. is a China-based company mainly engaged in the production and sales of chemicals. The Company's primary products include toluene diisocyanate (TDI), urea and ion-exchange membrane caustic soda, among others. The TDI is mainly used in the manufacture of polyurethane foams, elastomers, coatings, adhesives, among others. Urea is mainly used in the agricultural fertilizers, melamine, resins, plastics and pharmaceutical industries. The Company mainly distributes its products in domestic and overseas markets.