Jiangsu Baichuan High-Tech New Materials Co., Ltd Reports Earnings Results for the Nine Months Ended September 30, 2021
October 14, 2021
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Jiangsu Baichuan High-Tech New Materials Co. Ltd. announced earnings results for the nine months ended September 30, 2021. For the nine months, the company announced total revenue was CNY 3,035.219 million compared to CNY 1,538.287 million a year ago. Operating income was CNY 134.039 million compared to CNY 30.520 million a year ago. Net income was CNY 124.374 million compared to CNY 33.098 million a year ago. Basic earnings per share from continuing operations was CNY 0.24 compared to CNY 0.06 a year ago. Diluted earnings per share from continuing operations was CNY 0.21 compared to CNY 0.06 a year ago.
Jiangsu Baichuan High-Tech New Materials Co Ltd, formerly Wuxi Baichuan Chemical Industrial Co Ltd, is a China-based company mainly engaged in the research and development, production and sales of high-tech fine chemical products. The Company is engaged in three businesses. The fine chemicals business provides low-toxic, environmentally friendly, safe coating solvents, plasticizer raw materials and other products, including butyl acetate, ethyl acetate, propyl acetate, trimethylolpropane and others, which are used in coatings, inks, resins and other fields. New materials business products are used in lithium-ion batteries, power, energy storage and consumer electronics and other fields. The new energy business is engaged in the research and development, design, production and application of energy storage products, including lithium batteries, energy storage modules and energy storage systems.