Zhejiang Yangfan New Materials Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 24, 2022 at 02:26 pm IST
Share
Zhejiang Yangfan New Materials Co., Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 694.46 million compared to CNY 480.82 million a year ago. Revenue was CNY 720.86 million compared to CNY 494.41 million a year ago. Net income was CNY 6.6 million compared to CNY 27.65 million a year ago. Basic earnings per share from continuing operations was CNY 0.03 compared to CNY 0.12 a year ago. Diluted earnings per share from continuing operations was CNY 0.03 compared to CNY 0.12 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.