Guangzhou Haozhi Industrial Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 02:52 pm IST
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Guangzhou Haozhi Industrial Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 228.52 million compared to CNY 260.61 million a year ago. Revenue was CNY 228.52 million compared to CNY 260.61 million a year ago. Net income was CNY 19.35 million compared to CNY 35.05 million a year ago. Basic earnings per share from continuing operations was CNY 0.06 compared to CNY 0.12 a year ago. Diluted earnings per share from continuing operations was CNY 0.06 compared to CNY 0.12 a year ago.
Guangzhou Haozhi Industrial Co.,Ltd. is a China-based company principally engaged in the research, development, manufacture and sales of spindles, rotary tables and spare parts of computerized numerical control (CNC) machines, as well as the provision of maintenance services. The Company's main products include printed circuit board (PCB) drilling machine spindles, PCB forming machine spindles, CNC engraving and milling machine spindles, high speed machining center spindles, drilling and tapping center spindles, ultrasonic electric spindles, lathe spindles and woodworking electric spindles. The Companyâs products are mainly used in CNC lathes, drill hole special machine tools and CNC milling machine tools. The Company distributes its products mainly in domestic market, with South China and East China as its main markets.
GUANGZHOU HAOZHI INDUSTRIAL CO.,LTD. 
