Shanghai Shenda Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 05:59 pm IST
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Shanghai Shenda Co., Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 2,427.09 million compared to CNY 2,799.07 million a year ago. Revenue was CNY 2,427.09 million compared to CNY 2,799.07 million a year ago. Net loss was CNY 69.77 million compared to net income of CNY 283.1 million a year ago. Basic loss per share from continuing operations was CNY 0.063 compared to basic earnings per share from continuing operations of CNY 0.3322 a year ago. Diluted loss per share from continuing operations was CNY 0.063 compared to diluted earnings per share from continuing operations of CNY 0.3322 a year ago.
Shanghai Shenda Co Ltd is a China-based company mainly engaged in import and export trade, research, development and manufacturing of industrial textiles. The Company primarily conducts its business through three segments. The Trade Services segment is mainly engaged in import and export trade, mainly including textiles, home textiles and other import and export businesses. The Manufacturing Business segment is mainly engaged in the business of automotive interior and acoustic components, mainly including the manufacture of floor system products, acoustic component products, soft decoration products and other interior parts. The Headquarters and Properties segment is mainly engaged in the business of new textile materials, mainly including the development and research of flexible composite material products. Its main products include biogas membrane structures, architectural membrane structures, waterproof membranes, oil-proof barriers, inflatable materials and others.