Ningxia Building Materials Group Co., Ltd. Announces Earnings Guidance for Year 2019
January 15, 2020
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Ningxia Building Materials Group Co., Ltd. announced earnings guidance for year 2019. According to preliminary statistics of its financial department, the company predicts that the net profit belonging to shareholders of the listed company in 2019 will be between RMB 720 million and RMB 770 million, with a year-on-year increase of between 68% and 80% (based on the disclosed statistics according to relevant regulations). The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss in 2019 will be between RMB 650 million and RMB 690 million, with an increase of between 58% and 68% (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 
