Jiangsu Canlon Building Materials Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 19, 2020 at 05:36 am EDT
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Jiangsu Canlon Building Materials Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,298.262 million compared to CNY 690.076 million a year ago. Operating income was CNY 204.881 million compared to CNY 87.730 million a year ago. Net income was CNY 171.789 million compared to CNY 71.153 million a year ago. Basic earnings per share from continuing operations was CNY 1.01 compared to CNY 0.55 a year ago. Diluted earnings per share from continuing operations was CNY 1.01 compared to CNY 0.54 a year ago.
Jiangsu Canlon Building Materials Co.,Ltd. is a China-based company principally engaged in the research, development, production and sale of new building waterproofing materials. The Company's main products are categorized into waterproofing membrane, waterproof coatings and waterproofing materials, including asphalt-based coil, polymer membrane, polyurethane coatings and other coatings, lap tape and wet shop special adhesive. The Company's products are mainly used in high-speed rails, subways, tunnels, air defense, underground corridors, airports, nuclear power, water conservancy, grain depots and other public facilities, infrastructure projects and industrial civil construction. The Company distributes its products mainly in domestic market.