Swancor Advanced Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 07:19 pm
Share
Swancor Advanced Materials Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 488.64 million compared to CNY 429.82 million a year ago. Revenue was CNY 488.64 million compared to CNY 429.82 million a year ago. Net income was CNY 19.18 million compared to net loss of CNY 14.58 million a year ago. Basic earnings per share from continuing operations was CNY 0.05 compared to basic loss per share from continuing operations of CNY 0.04 a year ago. Diluted earnings per share from continuing operations was CNY 0.05 compared to diluted loss per share from continuing operations of CNY 0.04 a year ago.
Swancor Advanced Materials Co Ltd is a China-based company mainly engaged in the research and development, production and sales of environmentally friendly high-performance corrosion-resistant materials, wind turbine blade materials and new composite materials. The Company's main products include vinyl ester resins, special unsaturated polyester resins, infusion resins for wind power blades, hand lay-up resins, adhesives, prepreg resins for wind power blade beams, pultrusion resins for wind power blade beams, and environmentally friendly resin, safety materials for rail transit, etc. Its products are used in rail transit safety materials and electric power, petrochemical, electronic and electrical, metallurgy, semiconductor, construction engineering, wind power blade materials and automotive lightweight materials. The Company conducts its businesses within the China market and to overseas markets.