Sobute New Materials Co. Ltd Announces the Earnings Guidance for the Year 2018
January 24, 2019
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Sobute New Materials Co. Ltd. announced the earnings guidance for the year 2018. For the period, the company expected net profit belonging to shareholders of the listed company will be about RMB 258 million with an increase of about RMB 124 million compared with the same period of the year before, with a year-on-year increase of about 93%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will be about RMB 143 million with an increase of about RMB 30 million compared with the same period of the year before, with a year-on-year increase of about 26.5%.
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.
SOBUTE NEW MATERIALS CO., LTD 
