Sobute New Materials Co., Ltd Provides Earnings Guidance for the First Half of 2020
July 03, 2020
Share
Sobute New Materials Co. Ltd. provided earnings guidance for the first half of 2020. The Company predicts that the net profit belonging to shareholders of the company in the first half of 2020 will be between RMB 160,644,000 and RMB 174,031,000 with an increase of between RMB 26,774,000 and RMB 40,161,000 and an increase of between 20% and 30% compared with the same period of the year before. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will be RMB 157,735,800 and RMB 170,880,400, with an increase of between RMB 26,289,300 and RMB 39,433,900 compared with the same period of the year before, and a year-on-year increase of between 20% and 30%.
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 
