Nanjing Chemical Fibre Co. operates in the Cellulosic manmade fibers sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Nanjing Chemical Fibre Co. with three other
plastic manufacturers in Asia:
Olympia Industries Ltd
of INDIA
(2020
sales of 1.33 billion Indian Rupees [US$18.12 million]
),
Jinan Acetate Chemical Co Ltd
of TAIWAN
(2.35 billion Taiwanese Dollars [US$85.07 million]
of which 72%
was Acetate tow), and
CHTC Helon Co Ltd
(680.25 million Chinese Renmimbi [US$106.19 million]
of which 96%
was Curtain canvas).
Sales Analysis.
Sales were up sharply during the first
quarter of 2021 versus the previous year's first quarter.
During the first
quarter of 2021, sales at Nanjing Chemical Fibre Co. totalled
136.36 million Chinese Renmimbi.
This is
an increase of 115.1%
from the 63.39 million Chinese Renmimbi in sales at the company during the first quarter of 2020.
This was the largest same quarter increase in sales since the third
quarter of 2014.
Nanjing Chemical Fibre Co. reported sales of 365.97 million Chinese Renmimbi (US$57.13 million)
for the
year ending
December of 2020.
This
represents
a
sharp
decrease of 44.4%
versus 2019, when the company's sales were 657.71 million Chinese Renmimbi.
Contributing to the drop in overall sales was the 76.6% decline
in Filament, from 184.41 million Chinese Renmimbi to 43.18 million Chinese Renmimbi.
There were also decreases in sales in
Short Wire (down 35.4% to 270.53 million Chinese Renmimbi)
and
Landscape Water (down 0.3% to 43.47 million Chinese Renmimbi)
and
Other Operation (down 17.7% to 8.79 million Chinese Renmimbi)
.