Fujian Superpipe Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 27, 2021 at 10:24 am EDT
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Fujian Superpipe Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 144.065 million compared to CNY 110.758 million a year ago. Operating loss was CNY 410,886.37 compared to operating Income of CNY 4.058 million a year ago. Net income was CNY 241,025.94 compared to CNY 3.991 million a year ago. Basic earnings per share from continuing operations was CNY 0.0002 compared to CNY 0.0039 a year ago.
Fujian Superpipe Co., Ltd. is a China-based company principally engaged in the research, development, manufacture and sale of drainage pipelines. The Company's main products include high density polyethylene (HDPE) winding reinforced pipes, steel framed polyethylene (PE) plastic composite pipes, continuous winding glass fiber reinforced pipes, polyester resin concrete pipes and related fittings. The Company's products are mainly used in rainwater harvesting, diversion, water supply, drainage, reclaimed water and other urban infrastructure, as well as in industrial, gas, sponge city construction and nuclear power pipeline industries. The Company distributes its products in domestic market and to overseas markets.
FUJIAN NEWCHOICE PIPE TECHNOLOGY CO., LTD. 
