Sobute New Materials Co., Ltd Reports Earnings Results for the Nine Months Ended September 30, 2019
October 28, 2019 at 08:27 am
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Sobute New Materials Co. Ltd. announced earnings results for the nine months ended September 30, 2019. For the nine months, the company announced sales was CNY 2,301.249 million compared to CNY 1,599.922 million a year ago. Operating income was CNY 322.672 million compared to CNY 146.792 million a year ago. Net income was CNY 250.636 million compared to CNY 222.316 million a year ago. Basic earnings per share from continuing operations was CNY 0.81 compared to CNY 0.73 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 
