Sinofibers Technology Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 28, 2021 at 05:14 am EDT
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Sinofibers Technology Co.,Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 300.48 million compared to CNY 260.31 million a year ago. Revenue was CNY 300.48 million compared to CNY 260.31 million a year ago. Net income was CNY 145.03 million compared to CNY 131.5 million a year ago. Basic earnings per share from continuing operations was CNY 0.36 compared to CNY 0.33 a year ago. Diluted earnings per share from continuing operations was CNY 0.36 compared to CNY 0.33 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. 
