Sinoma Technology's net profit fell by more than 30% in the first three quarters due to the decline in the price of fiberglass products, one of its main businesses. Industry insiders said that due to the excessive growth of production capacity in the early stage and the sluggishness of major downstream consumer markets, the overall economic benefits of the fiberglass and products industry have declined significantly this year. The current prosperity is almost at the bottom, but it is expected to gradually recover.