Fujian Superpipe Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 25, 2022 at 05:50 am EDT
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Fujian Superpipe Co., Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 678.36 million compared to CNY 894.76 million a year ago. Net loss was CNY 109.33 million compared to net income of CNY 48.22 million a year ago. Basic loss per share from continuing operations was CNY 0.106 compared to basic earnings per share from continuing operations of CNY 0.0467 a year ago. Diluted loss per share from continuing operations was CNY 0.106 compared to diluted earnings per share from continuing operations of CNY 0.0467 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. 
