Sobute New Materials Co., Ltd Reports Earnings Results for the Full Year Ended December 31, 2019
April 15, 2020 at 12:09 pm
Share
Sobute New Materials Co. Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 3,306.617 million compared to CNY 2,315.957 million a year ago. Operating income was CNY 463.541 million compared to CNY 208.787 million a year ago. Net income was CNY 354.312 million compared to CNY 268.395 million a year ago. Basic earnings per share from continuing operations was CNY 1.14 compared to CNY 0.88 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 
