Fujian Superpipe Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 29, 2020 at 10:17 am EDT
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Fujian Superpipe Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 612.047 million compared to CNY 569.361 million a year ago. Operating income was CNY 57.513 million compared to CNY 484.144 million a year ago. Net income was CNY 43.186 million compared to CNY 363.445 million a year ago. Basic earnings per share from continuing operations was CNY 0.0419 compared to CNY 0.3523 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. 
