Sinomach Precision Industry Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 29, 2021 at 02:30 pm
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Sinomach Precision Industry Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 2,519.53 million compared to CNY 1,608.2 million a year ago. Revenue was CNY 2,519.53 million compared to CNY 1,608.2 million a year ago. Net income was CNY 174.14 million compared to CNY 55.02 million a year ago. Basic earnings per share from continuing operations was CNY 0.3321 compared to CNY 0.1049 a year ago. Diluted earnings per share from continuing operations was CNY 0.3321 compared to CNY 0.1049 a year ago.
Sinomach Precision Industry Group Co Ltd, formerly Sinomach Precision Industry Co Ltd, is a China-based company mainly engaged in the research, development, production and sales of bearings and abrasives. The Company's products and services include special and precision bearings, electric spindles, superhard material grinding tools, diamond materials, composite superhard materials, high-voltage equipment, supply chain operation service, as well as technology development and testing services. The Company's products are applied in aerospace, naval weapon, automotive and rail transit, electronics, new energy, machine tool, petrochemical, medical equipment and refrigeration industries. The Company distributes its products within domestic market and to overseas markets.