Nantong Acetic Acid Chemical Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 04:18 am EDT
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Nantong Acetic Acid Chemical Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 922.65 million compared to CNY 640.31 million a year ago. Revenue was CNY 922.65 million compared to CNY 640.31 million a year ago. Net income was CNY 90.8 million compared to CNY 44.43 million a year ago. Basic earnings per share from continuing operations was CNY 0.4441 compared to CNY 0.2173 a year ago. Diluted earnings per share from continuing operations was CNY 0.4441 compared to CNY 0.2173 a year ago.
Nantong Acetic Acid Chemical Co., Ltd. is principally engaged in the research and development, production and sale of fine chemicals. The Company's products include food and feed additives, such as potassium sorbate and dehydroacetic acid; pharmaceutical and pesticide intermediates, such as dehydroacetic acid and cyanopyridine, and dye and pigment intermediates, such as acetoacetanilide series products. Products are mainly used in the preservation of food and feed, production of pharmaceutical and pesticide, as well as production of dye and pigment. In addition, the Company also produces and sells other organic chemicals.
NANTONG ACETIC ACID CHEMICAL CO., LTD. 
