Nantong Acetic Acid Chemical Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2022
August 09, 2022 at 04:09 am EDT
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Nantong Acetic Acid Chemical Co., Ltd. reported earnings results for the half year ended June 30, 2022. For the half year, the company reported sales was CNY 1,776.44 million compared to CNY 1,355.62 million a year ago. Revenue was CNY 1,868.59 million compared to CNY 1,411.37 million a year ago. Net income was CNY 213.06 million compared to CNY 80.68 million a year ago. Basic earnings per share from continuing operations was CNY 1.042 compared to CNY 0.3946 a year ago. Diluted earnings per share from continuing operations was CNY 1.042 compared to CNY 0.3946 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.