Fujian Superpipe Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 10:52 am EDT
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Fujian Superpipe Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 78.67 million compared to CNY 144.07 million a year ago. Revenue was CNY 78.67 million compared to CNY 144.07 million a year ago. Net loss was CNY 14.02 million compared to net income of CNY 0.241025 million a year ago. Basic loss per share from continuing operations was CNY 0.0136 compared to basic earnings per share from continuing operations of CNY 0.0002 a year ago. Diluted loss per share from continuing operations was CNY 0.0136 compared to diluted earnings per share from continuing operations of CNY 0.0002 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. 
