Jiangsu Yida Chemical Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 27, 2021 at 03:59 am
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Jiangsu Yida Chemical Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 299.490 million compared to CNY 181.321 million a year ago. Operating income was CNY 23.268 million compared to operating loss of CNY 8.419 million a year ago. Net income was CNY 18.464 million compared to net loss of CNY 6.524 million a year ago. Basic earnings per share from continuing operations was CNY 0.2213 compared to basic loss per share from continuing operations of CNY 0.082 a year ago.
Jiang Su Yida Chemical Co Ltd is a China-based company principally engaged in research, development, production and sales of alcohol ether and alcohol ether ester organic chemical products. The Company's main products include propylene glycol ether and propylene glycol ether ester products, as well as glycol ether and glycol ether ester products. The Company distributes its products under the brand name, Yida. The Company's products are used in coatings, inks, electronics, copper clad laminates, automotive brake fluids, pesticides, pharmaceuticals, printing, cleaning agents and consumer chemicals.