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china fibretech ltd (CHFT) Snapshot

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Day High
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Day Low
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52 Week High
09/23/13 - $0.06
52 Week Low
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Market Cap
16.6M
Average Volume 10 Days
1.6M
EPS TTM
$-0.0020
Shares Outstanding
448.3M
EX-Date
10/29/08
P/E TM
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china fibretech ltd (CHFT) 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 (CHFT) 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 (CHFT) Key Developments

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.

China Fibretech Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Year 2014

China Fibretech Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenue was RMB 10,465,000 against RMB 13,509,000 a year ago. Loss before taxation was RMB 2,100,000 against RMB 648,000 a year ago. Loss after taxation was RMB 2,100,000 or 0.5 RMB cents per share against RMB 648,000 or 0.1 RMB cents per share a year ago. Net cash generated from/(used in) operating activities was RMB 4,868,000 against net cash used in operating activities of RMB 1,964,000 a year ago. The decrease in revenue was mainly due to decrease in the fabric processed from 1,579 tonnes in first quarter of 2013 to 1,253 tonnes in first quarter of 2014 as a result of lower demand from customers in first quarter of 2014. Decrease in average fabric processing fee from RMB 7,827 per tonne in first quarter of 2013 to RMB 7,691 per tonne in first quarter of 2014. The decrease in average fabric processing fee was due to changes in product mix as a result of higher proportion of spandex and knitted velour processed during the period which commands a lower processing fees as compared to the other types of fabrics. The group is optimistic that the business will pick up in fiscal year 2014. Based on feedback and enquiries from more upbeat customers, the management expects the Company to remain profitable in fiscal year 2014.

China Fibretech Ltd., Annual General Meeting, Apr 29, 2014

China Fibretech Ltd., Annual General Meeting, Apr 29, 2014., at 09:00 Singapore Standard Time. Location: Riverview Hotel Singapore. Agenda: To receive and adopt the directors report and the audited accounts of the company for the financial year ended December 31, 2013, together with the independent auditor's report thereon; to re-elect directors; to approve the payment of directors fees of SGD 95,000 and RMB 100,000 for the financial year ending December 31, 2014, to be paid quarterly in arrears; to re-appoint Mazars LLP as the company's auditors, and to authorize the directors to fix their remuneration; to transact any other ordinary business that may properly be transacted at an annual general meeting; and to consider the company share award scheme.

 

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