NBTM New Materials Group Co., Ltd. Provides Earnings Guidance for the Year 2017
January 05, 2018
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NBTM New Materials Group Co., Ltd. provided earnings guidance for the year 2017. The company predicts an increase of between RMB 109 million and RMB 144 million in the net profit belonging to shareholders of the company in 2017, with an increase of between 60% and 80% compared with the same period of the year before. The net profit belonging to shareholders of the company after excluding extraordinary profit and loss will increase between RMB 59.5 million and RMB 94.5 million, with an increase of between 35% and 55% compared with the same period of the year before.
NBTM New Materials Group Co., Ltd. is a China-based company principally engaged in the production and sales of powder metallurgy machinery parts and soft magnetic materials. The Company's powder metallurgy machinery products include automotive parts, motorcycle parts and home appliance parts. The Company's powder metallurgy machinery parts are mainly applied in engines, gearboxes, chassis, compressors of air conditioners and refrigerators and motorcycle clutches. The Companyâs soft magnetic materials include gold powder, iron cores and alloy magnetic powder cores, among others, which are used for electrical equipment and electronic equipment. The Company distributes its products in domestic market and to overseas markets, including the North America, Europe, Japan, Korea and other areas.
NBTM NEW MATERIALS GROUP CO., LTD. 
