Nanxing Machinery Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2019
October 29, 2019 at 05:55 am
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Nanxing Machinery Co., Ltd. announced earnings results for the nine months ended September 30, 2019. For the nine months, the company announced sales was CNY 1,098.989 million compared to CNY 812.635 million a year ago. Operating income was CNY 172.022 million compared to CNY 137.727 million a year ago. Net income was CNY 148.313 million compared to CNY 117.141 million a year ago. Basic earnings per share from continuing operations was CNY 0.7552 compared to CNY 0.6359 a year ago. Diluted earnings per share from continuing operations was CNY 0.7531 compared to CNY 0.6272 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. 
