Sinofibers expands carbon fiber capacity, CFO transition announced

Sinofibers Technology (SZSE:300777) announced a CNY 140.163 million investment in a new high-performance carbon fiber production facility, approved at the company's third board meeting on May 30, 2025. The project, focused on producing 2,000 tons per year of high-strength carbon fiber and related materials, aims to enhance the company’s capacity to meet growing demand in aerospace and other high-end sectors. A shareholder meeting is required to approve the investment. Concurrently, the company announced that Ms. Gu Nianhua will step down as CFO and Vice General Manager and will transition to a role as advisor to the Chairman, and Ms. Tian Yongmei has been appointed the new CFO, effective immediately. The company expressed gratitude to Ms. Gu for her service and contributions. The new carbon fiber project is expected to begin partial production in year four, reaching full production by year seven. Projected annual sales at full capacity are CNY 158.8 million, with a net profit of CNY 77.374 million. The company highlighted potential risks, including economic fluctuations, market changes, and reliance on key customers.