Nanxing Machinery Co., Ltd. Reports Earnings Results for the First quarter Ended March 31, 2021
April 28, 2021 at 04:32 am
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Nanxing Machinery Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 677.960 million compared to CNY 397.046 million a year ago. Operating income was CNY 85.047 million compared to CNY 58.662 million a year ago. Net income was CNY 71.777 million compared to CNY 48.125 million a year ago. Basic earnings per share from continuing operations was CNY 0.243 compared to CNY 0.1636 a year ago. Diluted earnings per share from continuing operations was CNY 0.2429 compared to CNY 0.1629 a year ago.
Nanxing Machinery Co., Ltd. is a China-based company principally engaged in the research and development, design, manufacture and sales of complete equipment for manufacturing plate furniture. The Companyâs major products include automatic edge banding machines, numerical controlled panel saws, multi-spindle drilling machines, precise sliding table saws and machining centers. The Companyâs products are primarily used in the plate furniture industry and other fields that process or utilize artificial boards. The fields contain manufacturing of custom furniture, component cabinets, wooden doors and floors, as well as the processing of artificial boards used in construction and decoration, exhibition and production of automobiles and ships. The Company also provides related accessories. The Company distributes its products in domestic market and to overseas markets.
NANXING MACHINERY CO., LTD. 
