Jiangsu Sanfame Polyester Material Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 28, 2021 at 05:07 pm IST
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Jiangsu Sanfame Polyester Material Co.,Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 13,868.6 million compared to CNY 12,200.95 million a year ago. Net income was CNY 430.18 million compared to CNY 406.39 million a year ago. Basic earnings per share from continuing operations was CNY 0.1159 compared to CNY 0.1111 a year ago. Diluted earnings per share from continuing operations was CNY 0.1159 compared to CNY 0.1111 a year ago.
Jiangsu Sanfame Polyester Material Co Ltd, formerly Jiangsu Sanfame Co Ltd, is a China-based company mainly engaged in the production and sales of bottle-grade polyester chips and purified terephthalic acid (PTA). The Company is also engaged in textile business, chemical business and thermal power business. The textile business is mainly engaged in the production and sales of various cotton yarns, printed and dyed fabrics, polyester-cotton fabrics, yarn-dyed fabrics, etc., as well as fabric dyeing and finishing, printing and cotton spinning processing. The chemical business is mainly engaged in the research and development, production and sales of polybutylene terephthalate (PBT) engineering plastics. Its products are used in various household appliances, electronic products and automotive plastic parts. The main products of the thermoelectric business are electricity and steam. The Company conducts its businesses within the China market and to overseas markets.