Jiangsu Flag Chemical Industry Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 21, 2021 at 04:51 pm IST
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Jiangsu Flag Chemical Industry Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 493.571 million compared to CNY 456.920 million a year ago. Operating income was CNY 67.391 million compared to CNY 60.142 million a year ago. Net income was CNY 60.038 million compared to CNY 50.171 million a year ago. Basic earnings per share from continuing operations was CNY 0.44 compared to CNY 0.38 a year ago. Diluted earnings per share from continuing operations was CNY 0.45 compared to CNY 0.38 a year ago.
Jiangsu Flag Chemical Industry Co Ltd is a China-based company mainly engaged in the research, development, production and sales of pesticides and intermediates. The Company's main business is the research and development, production and sales of pesticide products. The Company's main products include fluopyr, imazapyr, clodinafop, fenacetate, flufenacet and others, as well as lufenuron, clothianidin and other original drugs, preparations and intermediates and other products. The Company's products are mainly used as herbicides, fungicides, insecticides and other fields. The Company's pesticide products are sold to domestic and foreign markets.