Zhejiang Yangfan New Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 22, 2021 at 07:11 pm IST
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Zhejiang Yangfan New Materials Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 165.949 million compared to CNY 97.873 million a year ago. Operating income was CNY 15.644 million compared to operating loss of CNY 3.899 million a year ago. Net income was CNY 14.213 million compared to net loss of CNY 3.126 million a year ago. Basic earnings per share from continuing operations was CNY 0.06 compared to basic loss per share from continuing operations of CNY 0.01 a year ago.
Zhejiang Yangfan New Materials Co Ltd is a company mainly engaged in research, development, production and sales of photoinitiators and mercapto compounds. The Company's primary product is the photoinitiators, including 907, ITX and BMS. The product is used in photocurable materials, printed circuit boards, microelectronics processing, paper making and household appliances. The Company is also involved in producing mercapto compounds as pesticide intermediates, pharmaceutical intermediates and dye intermediates.