Sobute New Materials Co., Ltd Reports Earnings Results for the Half Year Ended June 30, 2020
August 17, 2020 at 05:12 am EDT
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Sobute New Materials Co. Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 1,431.544 million compared to CNY 1,389.748 million a year ago. Operating income was CNY 222.718 million compared to CNY 178.700 million a year ago. Net income was CNY 166.696 million compared to CNY 133.869 million a year ago. Basic earnings per share from continuing operations was CNY 0.54 compared to CNY 0.43 a year ago. Diluted earnings per share from continuing operations was CNY 0.5 compared to CNY 0.43 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.
SOBUTE NEW MATERIALS CO., LTD 
