Cangzhou Dahua Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 27, 2020 at 03:51 am EDT
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Cangzhou Dahua Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 583.170 million compared to CNY 1,099.004 million a year ago. Operating loss was CNY 172.465 million compared to operating Income of CNY 16.356 million a year ago. Net loss was CNY 164.686 million compared to net income of CNY 31.505 million a year ago. Basic loss per share from continuing operations was CNY 0.3999 compared to basic earnings per share from continuing operations of CNY 0.0765 a year ago.
CANGZHOU DAHUA CO., LTD. is a China-based company mainly engaged in the production and sales of chemicals. The Company's primary products include toluene diisocyanate (TDI), urea and ion-exchange membrane caustic soda, among others. The TDI is mainly used in the manufacture of polyurethane foams, elastomers, coatings, adhesives, among others. Urea is mainly used in the agricultural fertilizers, melamine, resins, plastics and pharmaceutical industries. The Company mainly distributes its products in domestic and overseas markets.