Kingfa Science & Technology Company Limited Predicts Earnings Guidance for the Year Ended December 31, 2011
January 29, 2012
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Kingfa Science & Technology Company Limited predicted earnings guidance for the year ended December 31, 2011. For the year, the company predicts a year-on-year increase of between 60% and 100% in the net profit belonging to owners of parent company.
Kingfa Sci&Tech Co Ltd is a China-based company mainly engaged in the research and development, production and sales of new chemical materials. The Company is also engaged in the production and sales of medical consumables. The Company's main products include modified plastics, environmentally friendly high-performance recycled plastics, fully biodegradable plastics, special engineering plastics, carbon fiber and composite materials, light hydrocarbons and hydrogen energy, polypropylene resins, styrene resins and medical health polymer materials products. The Company's products are widely used in automobiles, home appliances, electronics and electrical engineering, communications electronics, new infrastructure, new energy, modern agriculture, modern logistics, rail transportation, aerospace, high-end equipment, medical health and other industries.