Shenzhen Textile Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2023
October 27, 2023 at 01:50 pm IST
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Shenzhen Textile (Holdings) Co., Ltd. reported earnings results for the nine months ended September 30, 2023. For the nine months, the company reported sales was CNY 2,317.39 million compared to CNY 2,122.04 million a year ago. Revenue was CNY 2,317.39 million compared to CNY 2,122.04 million a year ago.
Net income was CNY 66.58 million compared to CNY 56.55 million a year ago. Basic earnings per share from continuing operations was CNY 0.1315 compared to CNY 0.1116 a year ago. Diluted earnings per share from continuing operations was CNY 0.1315 compared to CNY 0.1116 a year ago.
Shenzhen Textile Holdings Co Ltd is a China-based company mainly engaged in the research and development, production and sales of polarizers. The Company conducts its business through two segments. The Polarizer Business segment's products cover the fields of twisted nematic (TN), super twisted nematic (STN), thin film transistor (TFT), organic light-emitting diode (OLED), three-dimensional graphics (3D), dye sheets, optical films for touch screens and others, which are mainly used in televisions, laptops, navigation systems, displays, automotive, industrial control, instrumentation, smart phones, wearable devices, 3D glasses, sunglasses and other products. The Property Leasing Business and Other Business segment is mainly engaged in the operation and management of owned properties and the textile and garment business. The Company mainly conducts its business in the domestic and foreign markets.