Sobute New Materials Co., Ltd. Provides Earnings Guidance for the First Three Quarters of 2019
October 08, 2019
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Sobute New Materials Co. Ltd. predicts an increase of between RMB 22 million and RMB 33 million in its net profit owned by shareholders of the listed company in the first three quarters of 2019 compared with the same period of the year before, with a year-on-year increase of between 10% and 15%.
Sobute New Materials Co Ltd is a China-based company mainly engaged in the research and development, production and sales of concrete admixtures. The Company's main products are high-performance water reducers, high-efficiency water reducers and functional materials. Its high-performance water reducers are mainly used to prepare high-performance concrete, which is used in nuclear power, bridges, high-speed railways, tunnels, high-rise buildings and other fields. Its high-efficiency water reducers mainly include naphthalene-based water reducers and aliphatic water reducers, which are mainly used to prepare medium and low-strength concrete, and are used in hydropower, municipal and civil construction, prefabricated component and other fields. Its functional materials include functional chemical admixtures, high-performance cement-based materials and transportation materials. The Company also provides related technical services.