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 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.
SOBUTE NEW MATERIALS CO., LTD 
