Sobute New Materials Co., Ltd Reports Earnings Results for the Nine Months Ended September 30, 2020
October 26, 2020 at 06:02 am EDT
Share
Sobute New Materials Co. Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 2,450.644 million compared to CNY 2,301.249 million a year ago. Operating income was CNY 410.688 million compared to CNY 322.672 million a year ago. Net income was CNY 302.217 million compared to CNY 250.636 million a year ago. Basic earnings per share from continuing operations was CNY 0.97 compared to CNY 0.81 a year ago. Diluted earnings per share from continuing operations was CNY 0.9 compared to CNY 0.81 a year ago.
Sobute New Materials Co Ltd is a China-based company mainly engaged in the research and development, production and sales of concrete admixtures. The Company's main products are high-performance water reducers, high-efficiency water reducers and functional materials. Its high-performance water reducers are mainly used to prepare high-performance concrete, which is used in nuclear power, bridges, high-speed railways, tunnels, high-rise buildings and other fields. Its high-efficiency water reducers mainly include naphthalene-based water reducers and aliphatic water reducers, which are mainly used to prepare medium and low-strength concrete, and are used in hydropower, municipal and civil construction, prefabricated component and other fields. Its functional materials include functional chemical admixtures, high-performance cement-based materials and transportation materials. The Company also provides related technical services.
SOBUTE NEW MATERIALS CO., LTD 
