Zhejiang Zhongcheng Packing Material Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 27, 2021 at 07:48 am EDT
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Zhejiang Zhongcheng Packing Material Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 380.213 million compared to CNY 253.699 million a year ago. Operating income was CNY 39.902 million compared to CNY 11.694 million a year ago. Net income was CNY 38.166 million compared to CNY 19.262 million a year ago. Basic earnings per share from continuing operations was CNY 0.04 compared to CNY 0.02 a year ago.
Zhejiang Zhongcheng Packing Material Co., Ltd is a China-based company, principally engaged in the research and development, manufacture and distribution of multi-layer co-extruded polyolefin (POF) heat shrinkable films. The Company primarily provides POF ordinary films, POF cross-linked films and POF high performance films, including POF heat shrinkable films, cross-linked shrinkable films, anti-fogging cross-linked shrinkable films, low shrinkable films and shrinkable films for printing, among others. Through its subsidiaries, the Company is also engaged in the small loan businesses and the operation of packaging equipment, among others. The Company distributes its products within domestic market and to overseas markets.