Shanghai Kinlita Chemical Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 26, 2021 at 04:52 am
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Shanghai Kinlita Chemical Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 663.18 million compared to CNY 594.13 million a year ago. Revenue was CNY 663.18 million compared to CNY 594.13 million a year ago. Net loss was CNY 59.16 million compared to net income of CNY 65.61 million a year ago. Basic loss per share from continuing operations was CNY 0.1209 compared to basic earnings per share from continuing operations of CNY 0.1341 a year ago. Diluted loss per share from continuing operations was CNY 0.1209 compared to diluted earnings per share from continuing operations of CNY 0.1341 a year ago.
Shanghai Kinlita Chemical Co., Ltd. is a China-based company principally engaged in the manufacture, processing and sales of coating products, solvents and additives, as well as the provision of related technical consulting and after-sales services. The Company's main products include cathodic electrophoretic coatings, topcoats, environmentally friendly and energy-saving materials and ceramic coatings. The Company's products are mainly used in automobiles, agricultural machinery, construction machinery, motorcycles, auto parts, light industrial parts and building curtain walls. The Company distributes its products in domestic market, with East China as its main market.