Nanxing Machinery Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 28, 2020 at 04:44 am
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Nanxing Machinery Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 960.928 million compared to CNY 705.976 million a year ago. Operating income was CNY 157.048 million compared to CNY 117.190 million a year ago. Net income was CNY 131.478 million compared to CNY 102.497 million a year ago. Basic earnings per share from continuing operations was CNY 0.4456 compared to CNY 0.3469 a year ago. Diluted earnings per share from continuing operations was CNY 0.445 compared to CNY 0.3468 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. 
