SUFA Technology Industry Co., Ltd., CNNC Reports Earnings Results for the Nine Months Ended September 30, 2023
October 26, 2023 at 08:00 am EDT
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SUFA Technology Industry Co., Ltd., CNNC reported earnings results for the nine months ended September 30, 2023. For the nine months, the company reported sales was CNY 1,117.23 million compared to CNY 819.14 million a year ago. Revenue was CNY 1,117.23 million compared to CNY 819.14 million a year ago.
Net income was CNY 130.28 million compared to CNY 42.19 million a year ago. Basic earnings per share from continuing operations was CNY 0.34 compared to CNY 0.11 a year ago. Diluted earnings per share from continuing operations was CNY 0.34 compared to CNY 0.11 a year ago.
SUFA Technology Industry Co., Ltd. CNNC is a China-based company principally engaged in the design, research, development, manufacture, sale and provision of services of industrial valves. The Companyâs main products include gate valves, stop valves, check valves, ball valves, butterfly valves, diaphragm valves and regulating valves, among others. The Company's valve products are mainly used in nuclear, petroleum, chemical engineering, metallurgy, electricity and other industries. The Company is also involved in blank manufacturing and other businesses. The Company distributes its products in domestic market and to overseas markets.