Sinofibers Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 09:52 am EDT
Share
Sinofibers Technology Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 172.78 million compared to CNY 73.24 million a year ago. Revenue was CNY 172.78 million compared to CNY 73.24 million a year ago. Net income was CNY 90.66 million compared to CNY 31.94 million a year ago. Basic earnings per share from continuing operations was CNY 0.2062 compared to CNY 0.08 a year ago. Diluted earnings per share from continuing operations was CNY 0.2062 compared to CNY 0.08 a year ago.
Sinofibers Technology Co Ltd is a China-based company mainly engaged in research and development, production and sales of carbon fiber and carbon fiber fabrics. The Company's carbon fiber products mainly include polyacrylonitrile (PAN)-based carbon fibers. These products are mainly used in the defense industry as well as in high performance civil applications. The Company's carbon fiber fabric products mainly include ZT7, ZT8, ZT9 and high model ZM40J series. The Company's carbon fiber fabrics are primarily used in carbon fiber woven fabrics. The Company mainly conducts its businesses in domestic market.
SINOFIBERS TECHNOLOGY CO.,LTD. 
