Shenzhen Capchem Technology 2010 Net Profit Up 56%

Wednesday 2011-02-23 15:56
February 23 – Shenzhen Capchem Technology (300037) recorded a 56.2 percent year-on-year rise in 2010 net profit to 93.93 million yuan, reports p5w.net, citing a company filing.

Sales revenue rose 49.7 percent year-on-year to 477 million yuan while earnings per share (EPS) surged 17.33 percent to 0.88 yuan.

The company capitalized on the recovery of the economy and booming demand for its downstream products, leading to rapid rise in sales of aluminum electrolysis capacitor chemical products and lithium ion batteries.

The company’s new business of solid macromolecule capacitor chemical products and super capacitor electrolytes also pushed sales up.