Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 27, 2021 at 02:03 pm IST
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Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 275.86 million compared to CNY 312.92 million a year ago. Revenue was CNY 275.86 million compared to CNY 312.92 million a year ago. Net income was CNY 17.62 million compared to net loss of CNY 33.17 million a year ago. Basic earnings per share from continuing operations was CNY 0.1368 compared to basic loss per share from continuing operations of CNY 0.2618 a year ago. Diluted earnings per share from continuing operations was CNY 0.1368 compared to diluted loss per share from continuing operations of CNY 0.2618 a year ago.
Hangzhou Gaoxin Materials Technology Co Ltd, formerly Hangzhou Gaoxin Rubber & Plastic Materials Co Ltd, is a China-based company mainly engaged in the research, development, production and sales of polymer materials for cables. The Company's main products include special Polyvinyl chloride (PVC) cable materials, special polyethylene and cross-linked polyethylene cable materials, halogen-free low-smoke flame retardant cable materials, rubber-plastic modified elastomers, general PVC cable materials and chemical cross-linked cable material. The Company's products are mainly used in power grids, solar energy, nuclear power, wind energy, hydropower, rail transit, ships, mining, communications, construction, aerospace and other fields. The Company mainly conducts its businesses in the domestic market.