Sinofibers Technology announces strong 2024 results, anticipates further growth

Sinofibers Technology (SZSE:300777) today announced its 2024 preliminary financial results, showcasing robust growth and setting the stage for continued expansion in the coming year. The company reported total revenue of 812.47 million RMB, a 45.39% increase year-over-year. Operating profit rose by 26.79% to 407.64 million RMB, while net profit attributable to shareholders increased by 23.16% to 356.13 million RMB. Total assets at the end of the reporting period reached 4.64 billion RMB, representing a 5.35% increase from the beginning of the year.