Sobute New Materials Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 03:40 am EDT
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Sobute New Materials Co., Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 716.17 million compared to CNY 772.43 million a year ago. Revenue was CNY 716.17 million compared to CNY 772.43 million a year ago. Net income was CNY 80.25 million compared to CNY 78.07 million a year ago. Basic earnings per share from continuing operations was CNY 0.19 compared to CNY 0.19 a year ago. Diluted earnings per share from continuing operations was CNY 0.19 compared to CNY 0.19 a year ago.
Sobute New Materials Co., Ltd is a China-based company principally engaged in the research and development, manufacture and sales of concrete admixtures. The Company mainly provides three categories, including water reducing agents, Naphthalene series of water reducing agents and functional materials. The Company's main products include polycarboxylate superplasticizers, naphthalene superplasticizers and aliphatic superplasticizers, functional chemical admixtures, high-performance cement-based materials and engineering fibers, among others. The Company mainly distributes its products within domestic markets.