Shenzhen Textile Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023
April 28, 2023 at 07:23 am EDT
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Shenzhen Textile (Holdings) Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 679.31 million compared to CNY 670.55 million a year ago. Revenue was CNY 679.31 million compared to CNY 670.55 million a year ago.
Net income was CNY 13.11 million compared to CNY 17.63 million a year ago. Basic earnings per share from continuing operations was CNY 0.0259 compared to CNY 0.0348 a year ago. Diluted earnings per share from continuing operations was CNY 0.0259 compared to CNY 0.0348 a year ago.
Shenzhen Textile Holdings Co Ltd is a China-based company mainly engaged in the research and development, production and sales of polarizers. The Company conducts its business through two segments. The Polarizer Business segment's products cover the fields of twisted nematic (TN), super twisted nematic (STN), thin film transistor (TFT), organic light-emitting diode (OLED), three-dimensional graphics (3D), dye sheets, optical films for touch screens and others, which are mainly used in televisions, laptops, navigation systems, displays, automotive, industrial control, instrumentation, smart phones, wearable devices, 3D glasses, sunglasses and other products. The Company also conducts business through the Property Leasing Business and Other Business segment. The Company is also engaged in textile business. The Company mainly conducts its business in the domestic and foreign markets.