Nanxing Machinery Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 14, 2021 at 09:58 am
Share
Nanxing Machinery Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 2,132.920 million compared to CNY 1,519.972 million a year ago. Operating income was CNY 302.831 million compared to CNY 234.401 million a year ago. Net income was CNY 260.262 million compared to CNY 204.245 million a year ago. Basic earnings per share from continuing operations was CNY 0.8806 compared to CNY 0.691 a year ago. Diluted earnings per share from continuing operations was CNY 0.8804 compared to CNY 0.6904 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. 
