Fujian Superpipe Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 27, 2020 at 10:09 am EDT
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Fujian Superpipe Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 346.248 million compared to CNY 361.200 million a year ago. Operating income was CNY 27.774 million compared to CNY 504.506 million a year ago. Net income was CNY 18.613 million compared to CNY 380.299 million a year ago. Basic earnings per share from continuing operations was CNY 0.018 compared to CNY 0.3687 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. 
