Sobute New Materials Co., Ltd Provides Earnings Guidance for the First Half of 2020
July 02, 2020
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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 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.