Swancor Advanced Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 30, 2021 at 12:48 am IST
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Swancor Advanced Materials Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 429.819 million compared to CNY 235.136 million a year ago. Operating loss was CNY 20.210 million compared to operating Income of CNY 12.809 million a year ago. Net loss was CNY 14.582 million compared to net income of CNY 7.283 million a year ago. Basic loss per share from continuing operations was CNY 0.04 compared to basic earnings per share from continuing operations of CNY 0.02 a year ago.
Swancor Advanced Materials Co Ltd is a China-based company mainly engaged in the research and development, production and sales of environmentally friendly high-performance corrosion-resistant materials, wind turbine blade materials and new composite materials. The Company's main products include vinyl ester resins, special unsaturated polyester resins, infusion resins for wind power blades, hand lay-up resins, adhesives, prepreg resins for wind power blade beams, pultrusion resins for wind power blade beams, and environmentally friendly resin, safety materials for rail transit, etc. Its products are used in rail transit safety materials and electric power, petrochemical, electronic and electrical, metallurgy, semiconductor, construction engineering, wind power blade materials and automotive lightweight materials. The Company conducts its businesses within the China market and to overseas markets.
SWANCOR ADVANCED MATERIALS CO., LTD. 
