Sobute New Materials Co., Ltd Provides Earnings Guidance for the First Three Quarters of 2020
October 08, 2020
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Sobute New Materials Co. Ltd. provided earnings guidance for the first three quarters of 2020. The company predicts an increase of between RMB 37,595,500 and RMB 62,659,100 in its net profit owned by shareholders of the listed company in the 1st three quarters of 2020 compared with the same period of the year before, with a year-on-year increase of between 15% and 25%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss in the 1st three quarters of 2020 will increase by between RMB 37,086,300 and 61,810,600 compared with the same period of the year before, with a year-on-year increase of between 15% and 25%.
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.