Jiangsu Sanfangxiang Industry Co., Ltd Reports Earnings Results for the Nine Months Ended September 30, 2020
October 30, 2020 at 05:55 am
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Jiangsu Sanfangxiang Industry Co. Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 12,200.954 million compared to CNY 17,347.204 million a year ago. Operating income was CNY 632.078 million compared to CNY 953.727 million a year ago. Net income was CNY 406.392 million compared to CNY 651.867 million a year ago. Basic earnings per share from continuing operations was CNY 0.1111 compared to CNY 0.1782 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.
JIANGSU SANFAME POLYESTER MATERIAL CO.,LTD. 
