Wuxi Double Elephant Micro Fibre Material Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 04:47 am EDT
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Wuxi Double Elephant Micro Fibre Material Co.,Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 318.74 million compared to CNY 324.82 million a year ago. Revenue was CNY 318.74 million compared to CNY 324.82 million a year ago. Net loss was CNY 5.95 million compared to net income of CNY 20.36 million a year ago. Basic loss per share from continuing operations was CNY 0.0222 compared to basic earnings per share from continuing operations of CNY 0.0759 a year ago. Diluted loss per share from continuing operations was CNY 0.0222 compared to diluted earnings per share from continuing operations of CNY 0.0759 a year ago.
Wuxi Double Elephant Micro Fibre Material Co., Ltd. is a China-based company principally engaged in the manufacture and sales of artificial leather, synthetic leather and polymethyl methacrylate (PMMA) resin. The Company's main products include ultra-fine fiber ultra-real leather, polyurethane polyurethane (PU) synthetic leather, polyvinyl chloride (PVC) artificial leather, PMMA resin and others. The Company's products are mainly used in automobiles, furniture, balls and sports equipment, clothing and footwear, luggage and accessories, liquid crystal display (LCD) light guide plates, light-emitting diode (LED) related products, optical fibers, optical lens, solar photovoltaic batteries, compact discs (CDs) and video compact discs (VCDs), building materials, military industry and medical care. The Company distributes its products in domestic market and to overseas markets.
WUXI DOUBLE ELEPHANT MICRO FIBRE MATERIAL CO.,LTD 
