Grace Fabric Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 03:56 pm IST
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Grace Fabric Technology Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 176.99 million compared to CNY 190.45 million a year ago. Revenue was CNY 176.99 million compared to CNY 190.45 million a year ago. Net income was CNY 15.61 million compared to CNY 29.98 million a year ago. Basic earnings per share from continuing operations was CNY 0.02 compared to CNY 0.03 a year ago. Diluted earnings per share from continuing operations was CNY 0.02 compared to CNY 0.03 a year ago.
GRACE FABRIC TECHNOLOGY CO., LTD is a China-based company principally engaged in the research and development, production and sales of medium and high-end electronic grade fiberglass cloth. The Company's main products are medium and high-end electronic grade glass fiber cloth products, mainly including extremely thin electronic grade glass fiber cloth, super thin electronic grade glass fiber cloth and thin electronic grade glass fiber cloth. The Company's products are widely used in high-end smart phones, tablets and notebooks, servers, automotive electronics and other high-tech electronics. The Company mainly distributes its products in the domestic market.