Zhejiang Yangfan New Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 04:27 pm IST
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Zhejiang Yangfan New Materials Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 231.04 million compared to CNY 165.95 million a year ago. Revenue was CNY 231.04 million compared to CNY 165.95 million a year ago. Net income was CNY 11.61 million compared to CNY 14.21 million a year ago. Basic earnings per share from continuing operations was CNY 0.05 compared to CNY 0.06 a year ago. Diluted earnings per share from continuing operations was CNY 0.05 compared to CNY 0.06 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.