Nanjing Chemical Fiber Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 07, 2021 at 06:16 am EDT
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Nanjing Chemical Fiber Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 365.967 million compared to CNY 657.709 million a year ago. Operating income was CNY 68.740 million compared to operating loss of CNY 162.975 million a year ago. Net income was CNY 11.030 million compared to net loss of CNY 131.385 million a year ago. Basic earnings per share from continuing operations was CNY 0.03 compared to basic loss per share from continuing operations of CNY 0.36 a year ago.
Nanjing Chemical Fibre Co Ltd is a China-based company principally engaged in the production and sales of viscose staple fiber, polyethylene terephthalate (PET) structural core materials, and urban ecological water supply business. The Company primarily operates businesses through four segments. The Chemical segment is mainly engaged in the sales business of urban ecological water supply. The Bio-based segment mainly provides viscose staple fiber and lyocell fiber products. Shanghai Yueke segment mainly provides PET structural core material products. The Other segment is mainly engaged in the leasing of fixed assets, intangible assets, packaging materials, sales materials and other business. The Company distributes its products within the domestic market and to overseas markets.
NANJING CHEMICAL FIBER CO., LTD. 
