Jinniu Chemical Business Income In The First Three Quarters Of 701 Million Yuan, Net Profit Fell 37.05% Over The Same Period Last Year

In October 16th, Hebei Jinniu chemical Limited by Share Ltd (hereinafter referred to as "Jinniu chemical") issued the third quarter report in 2019. According to the report, in January 1, 2019 - September 30, 2019, the operating income of Jinniu chemical industry was 701 million yuan, down 6.76% compared to the same period last year. The net profit attributable to shareholders of listed companies was 24 million 605 thousand and 200 yuan, down 37.05% compared with the same period last year. Net profit attributable to shareholders of listed companies after deducting non recurring gains and losses was 24 million 219 thousand and 200 yuan, down 37.14% compared with the same period last year; the basic earnings per share were 0.0362 yuan.

Statistics show that Jinniu chemical industry is a large-scale comprehensive economic entity mainly based on chemical production and operation. It is the largest PVC resin production base in China, and is the largest raw material base of chlor alkali industry in Hebei province. The production technology has reached the advanced level in the world. The main products of the company are widely used in methanol. As an important basic chemical raw material, they are widely used in chemical, pharmaceutical, light industry, textile and other industries, and their derivatives have broad prospects for development.