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As of 2:08 AM 12/23/14 All times are local (Market data is delayed by at least 15 minutes).

china fibretech ltd (C96) Snapshot

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52 Week High
07/22/14 - €0.03
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Market Cap
10.3M
Average Volume 10 Days
0.0
EPS TTM
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Shares Outstanding
448.5M
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china fibretech ltd (C96) Details

China Fibretech Ltd., an investment holding company, provides dyeing and post- processing treatment services for fabrics in the People’s Republic of China. It is involved in processing, dyeing, and finishing fabrics. The company offers its services for cotton, polyester, and mixed knitted fabrics. China Fibretech Limited also provides post-processing treatment to impart functionalities, such as water and fire-resistance, UV-protection, moisture wicking, anti-static and antibacterial properties. The company’s customers consist of fabric trading companies and garment producers. In addition, it manages properties. The company was founded in 1995 and is based in Shishi City, the People’s Republic of China. China Fibretech Ltd. is a subsidiary of Wellgain International Holdings Limited.

Founded in 1995

china fibretech ltd (C96) Top Compensated Officers

Founder, Executive Chairman and Chief Executi...
Total Annual Compensation: $120.0K
Chief Operating Officer, Executive Director a...
Total Annual Compensation: $72.0K
Senior Finance Manager
Total Annual Compensation: $68.0K
Deputy General Manager of Sales & Marketing
Total Annual Compensation: $36.0K
Compensation as of Fiscal Year 2013.

china fibretech ltd (C96) Key Developments

China Fibretech Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

China Fibretech Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's revenue was RMB 18,122,000 compared with RMB 20,560,000 a year ago. Loss before taxation was RMB 48,000 compared with profit before taxation of RMB 1,028,000 a year ago. Loss for the period was RMB 417,000 or 0.1 cents per basic and diluted share compared with profit of RMB 625,000 or 0.1 cents per basic and diluted share a year ago. As on September 30, 2014, the company's net asset value per ordinary share as on September 30, 2014, was 107.8 cents compared to 108.2 cents. For the nine months, the company's revenue was RMB 47,656,000 compared with RMB 54,693,000 a year ago. The decrease in revenue was mainly due to decrease in the fabric processed from 6,958 tonnes in nine months of 2013, to 6,088 tonnes as a result of lower demand from customers during the period. Decrease in average fabric processing fee from RMB 7,861 per tonne in last year to RMB 7,828 per tonne current year. Changes in product mix had also contributed to lower average processing fees due to lower proportion of spandex and knitted velour processed during the period which commands a lower processing fee. Loss before taxation was RMB 1,865,000 compared with profit before taxation of RMB 2,274,000 a year ago. Loss for the period was RMB 2,234,000 compared with profit of RMB 1,271,000 a year ago. Net cash generated from operating activities was RMB 13,947,000 compared with RMB 1,185,000 a year ago. Acquisition of property, plant and equipment was RMB 4,972,000 against RMB 1,881,000 a year ago. Loss per share was 0.5 cents per basic and diluted share compared with earnings of 0.3 cents per basic and diluted share a year ago.

China Fibretech Ltd., Special/Extraordinary Shareholders Meeting, Sep 29, 2014

China Fibretech Ltd., Special/Extraordinary Shareholders Meeting, Sep 29, 2014., at 10:00 Singapore Standard Time. Location: Riverview Hotel Singapore. Agenda: To approve the disposal or sale of land and property located at no. 37 Xingdong Road, Xinglin District, Xiamen City china; and to approve authorization to the directors of the company to do the disposal or sale of land and property.

China Fibretech Ltd. Announces Consolidated Unaudited Earnings Results for Second Quarter and Six Months Ended June 30, 2014

China Fibretech Ltd. announced consolidated unaudited earnings results for second quarter and six months ended Jun. 30, 2014. For the quarter, the company reported revenue of RMB 19,069,000, profit before taxation of RMB 283,000, profit for the period of RMB 283,000, compared to the revenue of RMB 20,624,000, profit before taxation of RMB 1,894,000, profit for the period of RMB 1,294,000, for the same quarter a year ago. For the year to date, the company reported revenue of RMB 29,534,000, profit before taxation of RMB -1,817,000, profit for the period of RMB -1,817,000, net cash generated from operating activities of RMB 2,767,000, amount spend on acquisition of property, plant and equipment of RMB 4,222,000 compared to the revenue of RMB 34,133,000, profit before taxation of RMB 1,246,000, profit for the period of RMB 646,000, net cash used in operating activities of RMB 218,000, amount spend on acquisition of property, plant and equipment of RMB 1,881,000 for the same period a year ago.

 

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