Zhejiang Zhongcheng Packing Material Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 19, 2022 at 08:08 am EDT
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Zhejiang Zhongcheng Packing Material Co., Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 1,774.65 million compared to CNY 1,435.06 million a year ago. Revenue was CNY 1,795.97 million compared to CNY 1,449.5 million a year ago. Net income was CNY 177.64 million compared to CNY 169.6 million a year ago. Basic earnings per share from continuing operations was CNY 0.2 compared to CNY 0.19 a year ago. Diluted earnings per share from continuing operations was CNY 0.2 compared to CNY 0.19 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.