Shanxi Huayang New Material Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 19, 2022 at 08:19 pm IST
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Shanxi Huayang New Material Co.,Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 261.1 million compared to CNY 372.69 million a year ago. Revenue was CNY 280.05 million compared to CNY 388.67 million a year ago. Net loss was CNY 44.73 million compared to net income of CNY 41.6 million a year ago. Basic loss per share from continuing operations was CNY 0.0869 compared to basic earnings per share from continuing operations of CNY 0.0809 a year ago. Diluted loss per share from continuing operations was CNY 0.0869 compared to diluted earnings per share from continuing operations of CNY 0.0809 a year ago.
Shanxi Huayang New Material Co Ltd, formerly Taiyuan Chemical Industry Co Ltd, is a China-based company principally engaged in the business of recycling and processing of precious metals. The Company operates two main businesses. The precious metal recovery and processing business includes the production and sales of platinum group metal catalytic nets and the recovery and disposal of waste catalysts containing precious metals. The biodegradable plastic business includes the production and sales of Poly(butyleneadipate-co-terephthalate) (PBAT) and related downstream biodegradable plastic products. The Company's products include platinum alloy mesh, recycled and refined palladium and biodegradable materials and articles. The Company mainly conducts business in the domestic market.