Shanghai Hongda New Material Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 27, 2021 at 06:08 am EDT
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Shanghai Hongda New Material Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 406.22 million compared to CNY 657.78 million a year ago. Revenue was CNY 406.22 million compared to CNY 657.78 million a year ago. Net loss was CNY 204.53 million compared to net income of CNY 34.29 million a year ago. Basic loss per share from continuing operations was CNY 0.4729 compared to basic earnings per share from continuing operations of CNY 0.0793 a year ago. Diluted loss per share from continuing operations was CNY 0.4729 compared to diluted earnings per share from continuing operations of CNY 0.0793 a year ago.
Shanghai Hongda New Material Co Ltd is a China-based company mainly engaged in the processing and sales of silicone rubber and relevant products. The Company's main products include raw rubber, mixed rubber, liquid rubber, and others, among which raw rubber is mainly used to manufacture molded rubber, extruded rubber, electrical insulation rubber, and other products, and mixed rubber is mainly used as the main material for pipes, hoses and other products. The Company distributes products in the domestic market and overseas markets.