Ningxia Building Materials Group Co., Ltd. Provides Earnings Guidance for the Six Months Ended June 2020
July 19, 2020
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Ningxia Building Materials Group Co., Ltd. provided earnings guidance for the six months ended June 2020. According to preliminary statistics of its financial department, the company predicts that the net profit belonging to shareholders of the listed company from January to June 2020 will be between RMB 410 million and RMB 440 million, with an increase of between 51% and 61% 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 from January to June 2020 will be between RMB 375 million and RMB 405 million, with an increase of between 50% and 62% (based on the disclosed statistics according to relevant regulations).
NINGXIA BUILDING MATERIALS GROUP Co., Ltd is primarily engaged in the manufacture and distribution of cements and commercial concretes. The Companyâs products consist of cements, clinkers and commercial concretes, including 32.5 level, 42.5 level and 52.5 level and 62.5 level Portland cements, ordinary Portland cements, composite Portland cements, slag Portland cements, fly ash cements and road Portland cements, low heat Portland cements, sulphate resisting Portland cements and oil well cements, among others. The Company distributes its products under the brand names of Saima, Qingtongxia, Shuanglu, Liupanshan and Ningzhongning.
NINGXIA BUILDING MATERIALS GROUP CO.,LTD 
