Jiangsu Changhai Composite Materials Co., Ltd Reports Earnings Results for the Nine Months Ended September 30, 2021
October 27, 2021 at 04:37 am
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Jiangsu Changhai Composite Materials Co., Ltd reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 1,833.29 million compared to CNY 1,477.18 million a year ago. Revenue was CNY 1,833.29 million compared to CNY 1,477.18 million a year ago. Net income was CNY 420.85 million compared to CNY 196.2 million a year ago. Basic earnings per share from continuing operations was CNY 1.03 compared to CNY 0.48 a year ago. Diluted earnings per share from continuing operations was CNY 1.03 compared to CNY 0.48 a year ago.
Jiangsu Changhai Composite Materials Co., Ltd is a China-based company principally engaged in the research, development, production and sale of glass fiber products and glass fiber composites. The Company's main products include fiberglass yarn, chopped strand mats, wet thin felts, composite separators and coating felts. The Company's products are mainly used in building materials, rail transportation, petrochemicals, automobile manufacturing, electronic substrates, large tanks, transparent panels and batteries. The Company distributes its products in domestic market and to overseas markets.