Sinoma Science & Technology Co., Ltd. Announces Preliminary Unaudited Earnings Results for the Year Ended of December 31, 2016
February 22, 2017 at 06:56 am EST
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Sinoma Science & Technology Co. Ltd. announced preliminary unaudited earnings results for the year ended of December 31, 2016. For the period, the company reported operating revenue of RMB 8,968,929,124.74 compared to RMB 9,176,276,767.48 a year ago. Operating profit was RMB 353,371,764.56 compared to RMB 634,288,112.69 a year ago. Total profit was RMB 563,095,360.83 compared to RMB 803,647,224.14 a year ago. Net profit attributable to shareholders of the listed company was RMB 401,422,495.81 compared to RMB 630,342,954.21 a year ago. Basic earnings per share was RMB 0.5277 compared to RMB 0.9426 a year ago. Weighted average ROE was 5.55% compared to 11.59% a year ago. Net assets per share attributable to shareholders of the listed company were RMB 9.90 compared to RMB 14.39 a year ago.
Sinoma Science & Technology Co., Ltd. is a China-based company, principally engaged in the research, development, manufacture and distribution of special fiber composite materials. The Company is also engaged in the provision of special fiber composite materials related technical support and equipment, as well as the trading business. The Company's products include wind turbine blades, non-alkali fiberglass and products, high pressure cylinders, glass fiber paper, high temperature filter materials, advanced composite materials and lithium battery diaphragms. The Company distributes its products within domestic market and to overseas markets.
SINOMA SCIENCE & TECHNOLOGY CO.,LTD. 
