Fujian Superpipe Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 16, 2020 at 04:46 am EDT
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Fujian Superpipe Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 808.282 million compared to CNY 1,134.283 million a year ago. Operating income was CNY 335.157 million compared to operating loss of CNY 521.719 million a year ago. Net income was CNY 237.198 million compared to net loss of CNY 397.141 million a year ago. Basic earnings per share from continuing operations was CNY 0.2299 compared to basic loss per share from continuing operations of CNY 0.385 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. 
