CHINA FIBRETECH- NET CASH .NAV : 22c . Cash : RMB 437million

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10 years 7 months ago #17417 by patkeane
I smell conspiracy in this stock to trade at this price !!
maybe it is easier for them to RTO in future , or is it the 3rd quater result not good ?? but today seems like got someone interested on this counter

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10 years 7 months ago #17418 by brunica
yes , this time they should give dividends to restore investors trust

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10 years 7 months ago #17423 by brunica
tonight their results should be out ?

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10 years 7 months ago #17424 by patkeane
u r right it is out continue making money i think there is high hope for divident for this counter..........

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10 years 7 months ago #17425 by brunica
results are out.. still no dividends given.. higher revenue and there is profit compare to last year

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10 years 7 months ago #17427 by ZEN
The Group recorded revenue of RMB54.7 million for 9 months ended 30 September 2013 (“9M2013”), an increase of 50.4% compared to RMB36.4 million for 9 months ended 30 September 2012 (“9M2012”). On a quarterly review, the revenue for three months ended 30 September 2013 (“3Q2013”) had increased to RMB20.6 million as compared to RMB12.1 million for three months ended 30 September 2012 (“3Q2012”). The sharp increase in revenue was mainly due to:




- Increase in the fabric processed from 5,047 tonnes in 9M2012 to 6,958 tonnes in 9M2013 as a result of higher demand from our customers made during the period. Since March 2013, the Company was able to maintain a monthly sale volume above 800 tonnes, a significant improvement as compared to financial year 2012 with an average monthly sales volume of 559 tonnes.


- Increase in average fabric processing fee from RMB7,202 per tonne in 9M2012 to RMB7,861 per tonne in 9M2013. The increase in average processing fees was mainly contributed from the production of new fabric, namely knitted velour, with a higher processing fees as compared to polyester, cotton, and spandex. Changes in product mix had also contributed to higher average processing fees due to higher proportion of spandex and knitted velour processed during the period which commands a higher processing fee.

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