Shanghai Shenda Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2021
April 29, 2021 at 12:28 pm EDT
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Shanghai Shenda Co. Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 2,799.068 million compared to CNY 2,800.484 million a year ago. Operating income was CNY 399.640 million compared to CNY 184.489 million a year ago. Net income was CNY 283.103 million compared to CNY 127.001 million a year ago. Basic earnings per share from continuing operations was CNY 0.3322 compared to CNY 0.149 a year ago.
Shanghai Shenda Co Ltd is a China-based company mainly engaged in import and export trade, research, development and manufacturing of industrial textiles. The Company primarily conducts its business through three segments. The Trade Services segment is mainly engaged in import and export trade, mainly including textiles, home textiles and other import and export businesses. The Manufacturing Business segment is mainly engaged in the business of automotive interior and acoustic components, mainly including the manufacture of floor system products, acoustic component products, soft decoration products and other interior parts. The Headquarters and Properties segment is mainly engaged in the business of new textile materials, mainly including the development and research of flexible composite material products. Its main products include biogas membrane structures, architectural membrane structures, waterproof membranes, oil-proof barriers, inflatable materials and others.