Xinlun New Materials Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 08:01 am EDT
Share
Xinlun New Materials Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 288.32 million compared to CNY 529.13 million a year ago. Revenue was CNY 288.32 million compared to CNY 529.13 million a year ago. Net loss was CNY 90.18 million compared to net income of CNY 7.2 million a year ago. Basic loss per share from continuing operations was CNY 0.0783 compared to basic earnings per share from continuing operations of CNY 0.0063 a year ago. Diluted loss per share from continuing operations was CNY 0.0783 compared to diluted earnings per share from continuing operations of CNY 0.0063 a year ago.
Xinlun New Materials Co Ltd, formerly Shenzhen Selen Science & Technology Co Ltd is a company mainly engaged in the research and development, production and sales of functional materials. The Company operates four segments. Functional Materials segment is engaged in the production of new materials, including electronic functional materials business, photoelectric display materials business, new energy materials business and precision manufacturing business. Super Clean segment is engaged in the design, construction and maintenance of anti-static and clean room purification projects. Personal Protection segment is engaged in the production of various medical surgical masks, disposable medical protective masks and other protective articles. Precision Mold segment is engaged in the design, processing, production and sales of precision molds, which are used in food, daily chemical and medical industries.
XINLUN NEW MATERIALS CO., LTD. 
