Sobute New Materials Co., Ltd Provides Earnings Guidance for the Year 2019
January 05, 2020
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Sobute New Materials Co. Ltd. provided earnings guidance for the year 2019. According to preliminary statistics of its financial department, the Company predicts an increase of between RMB 67 million and RMB 94 million in its net profit owned by shareholders of the listed company in 2019 compared with the same period of the year before, with a year-on-year increase of between 25% and 35%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss in 2019 will increase by between RMB 191 million and RMB 220 million compared with the same period of the year before, with a year-on-year increase of between 130% and 150%.
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.