Guangdong Guoli Sci & Tech Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 21, 2022 at 07:07 am EDT
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Guangdong Guoli Sci & Tech Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 373.31 million compared to CNY 526.87 million a year ago. Revenue was CNY 373.31 million compared to CNY 526.87 million a year ago. Net income was CNY 16.54 million compared to CNY 12.68 million a year ago. Basic earnings per share from continuing operations was CNY 0.1 compared to CNY 0.08 a year ago. Diluted earnings per share from continuing operations was CNY 0.1 compared to CNY 0.08 a year ago.
Guangdong Quanwei Technology Co Ltd, formerly Guangdong Guoli Science and Technology Co Ltd, is a company engaged in research and development, production and sales of polymer materials and polymer material products. The Companyâs main products are comprised of ethylene-vinyl acetate (EVA) copolymers, EVA environmentally friendly modified materials and related products, such as foamed ethylene-vinyl acetate copolymers, shoe materials and electronic accessory products; thermo plastic rubber (TPR) environmentally friendly modified materials and related products, such as TPR environmentally modified rubber pellets and shoe materials; modified engineering plastics, such as acrylonitrile-butadiene-styrene copolymer. The products are used in high-end sports and leisure shoe materials, sports equipment, electronic ancillary products and household appliances.