Guizhou RedStar Developing Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 04:00 am EDT
Share
Guizhou RedStar Developing Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 594.65 million compared to CNY 381.05 million a year ago. Revenue was CNY 594.65 million compared to CNY 381.05 million a year ago. Net income was CNY 83.43 million compared to CNY 12.77 million a year ago. Basic earnings per share from continuing operations was CNY 0.287 compared to CNY 0.044 a year ago. Diluted earnings per share from continuing operations was CNY 0.287 compared to CNY 0.044 a year ago.
Guizhou Redstar Developing Co Ltd is a China-based company principally engaged in the research and development, production and sales of barium salts, strontium salts and manganese series products. Barium salt products mainly include multi-specification special barium carbonate, various types of barium sulfate, high-purity barium carbonate, high-purity barium chloride, and high-purity barium nitrate. Strontium salt products mainly include strontium carbonate, strontium nitrate, strontium chloride, and hydroxide. Strontium, high-purity strontium carbonate, and manganese products mainly include EMD, high-purity manganese sulfate and other products for primary batteries and lithium batteries. The Company is also engaged in the production and sales of battery-grade lithium carbonate and by-products sulfur, thiourea and sodium sulfide, as well as the natural pigment industry.