Inner Mongolia First Machinery Group Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
August 23, 2021 at 03:28 pm IST
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Inner Mongolia First Machinery Group Co.,Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was CNY 5,524.096 million compared to CNY 5,331.365 million a year ago. Operating income was CNY 437.508 million compared to CNY 430.910 million a year ago. Net income was CNY 379.621 million compared to CNY 377.958 million a year ago. Basic earnings per share from continuing operations was CNY 0.224 compared to CNY 0.224 a year ago.
Inner Mongolia First Machinery Group Co Ltd is a China-based company engaged in the research and development, manufacturing, and sales of military products. The Company's main products are special equipment products. The Company mainly develops and produces tracked, wheeled, and artillery armored vehicles. The Company's railway vehicles mainly produce gondola cars, tank cars, flat cars, box cars, hopper cars, special cars, and other complete products. The Company's vehicle parts and components mainly produce parts with the core of vehicle transmission, movement, suspension, and large-scale precision structural parts, including heavy-duty brakes, springs, railway vehicle bolsters, side frames, buffers and other products. The Company distributes its products within the domestic market and to overseas market.