Sobute New Materials Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 27, 2020 at 09:40 am
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Sobute New Materials Co. Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 425.359 million compared to CNY 467.581 million a year ago. Operating income was CNY 68.162 million compared to CNY 58.379 million a year ago. Net income was CNY 49.326 million compared to CNY 48.746 million a year ago. Basic earnings per share from continuing operations was CNY 0.16 compared to CNY 0.16 a year ago.
Sobute New Materials Co., Ltd is a China-based company principally engaged in the research and development, manufacture and sales of concrete admixtures. The Company mainly provides three categories, including water reducing agents, Naphthalene series of water reducing agents and functional materials. The Company's main products include polycarboxylate superplasticizers, naphthalene superplasticizers and aliphatic superplasticizers, functional chemical admixtures, high-performance cement-based materials and engineering fibers, among others. The Company mainly distributes its products within domestic markets.
SOBUTE NEW MATERIALS CO., LTD 
