Guangdong Kitech New Material Holding Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 03:07 pm IST
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Guangdong Kitech New Material Holding Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 70.29 million compared to CNY 68.59 million a year ago. Revenue was CNY 70.29 million compared to CNY 68.59 million a year ago. Net income was CNY 7.25 million compared to CNY 8.96 million a year ago. Basic earnings per share from continuing operations was CNY 0.0861 compared to CNY 0.142 a year ago. Diluted earnings per share from continuing operations was CNY 0.0861 compared to CNY 0.142 a year ago.
Guangdong Kitech New Material Holding Co Ltd is a China-based company mainly engaged in the research, development, design, production and sales of high-performance polymer composite materials and their products, and precision injection molds. The Company's main products include modified nylon composite materials and products, modified polypropylene composite materials and products, other modified composite materials and products, and precision injection molds. The Company's products are used in areas such as baby travel supplies, sports equipment, auto parts, household appliances, office furniture, and protective equipment.