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On August 26, Kingfa Technology (60014SH) released the "2019 Semi-Annual Report", showing that during the reporting period, the company achieved operating income of 1342 billion yuan, a year-on-year increase of 21%; realized a net profit of 510 million attributable to shareholders of listed companies Yuan, a year-on-year increase of 43
Kingfa Science and Technology said that during the reporting period, the company's modified plastics achieved sales of 565,400 tons; fully biodegradable materials continued to improve production efficiency, deepened the development of core technology for modification and terminal applications, and achieved product sales of 20,900 tons, a year-on-year increase of 657%; special Engineering plastics continue to carry out technological and product innovation, optimize equipment process and improve manufacturing level, product quality and cost have been effectively controlled, and product sales have reached 3,300 tons (the group's total sales volum.
Regarding the operation of high-performance carbon fiber and composite materials, Kingfa Technology said that during the reporting period, the automotive market continued to be weak in the second half of 2018, and the company's sales of high-performance fiber composite materials for vehicles were greatly affect.
