Guangzhou Haozhi Industrial Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 26, 2020 at 06:10 pm IST
Share
Guangzhou Haozhi Industrial Co.,Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 666.161 million compared to CNY 261.067 million a year ago. Operating income was CNY 108.516 million compared to CNY 17.480 million a year ago. Net income was CNY 90.044 million compared to CNY 13.402 million a year ago. Basic earnings per share from continuing operations was CNY 0.32 compared to CNY 0.05 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.