Sobute New Materials Co., Ltd Reports Earnings Results for the Nine Months Ended September 30, 2021
October 28, 2021 at 05:24 am EDT
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Sobute New Materials Co., Ltd reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 3,232.48 million compared to CNY 2,450.64 million a year ago. Revenue was CNY 3,232.48 million compared to CNY 2,450.64 million a year ago. Net income was CNY 366.84 million compared to CNY 302.22 million a year ago. Basic earnings per share from continuing operations was CNY 0.87 compared to CNY 0.81 a year ago. Diluted earnings per share from continuing operations was CNY 0.87 compared to CNY 0.78 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.