Jiangsu Yawei Machine Tool Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
August 29, 2021 at 02:26 pm IST
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Jiangsu Yawei Machine Tool Co., Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was CNY 1,028.803 million compared to CNY 747.062 million a year ago. Operating income was CNY 97.131 million compared to CNY 73.294 million a year ago. Net income was CNY 97.263 million compared to CNY 64.247 million a year ago. Basic earnings per share from continuing operations was CNY 0.179 compared to CNY 0.1182 a year ago. Diluted earnings per share from continuing operations was CNY 0.1779 compared to CNY 0.1179 a year ago.
Jiangsu Yawei Machine Tool Co., Ltd. is a China-based company engaged in the research, development, manufacture and sale of computerized numerical control (CNC) sheet metal forming machine tools and automated production lines. The Company operates through three segments. The Metal Forming Machine segment is engaged in the research, development and manufacture of host products, including CNC turret punch, CNC shears and others, as well as automatic production lines, including sheet metal automated processing equipment and coil processing machines. The Laser Processing Equipment segment is involved in the research, development and manufacture of two-dimensional laser cutting machines, two-dimensional laser flexible cutting units, laser welding systems, automatic production lines and others. The Smart Manufacturing Solutions segment includes industrial robots, industrial management software, industrial Internet big data platforms and warehouse logistics automation systems.