Linzhou Heavy Machinery Group Co.,Ltd Reports Earnings Results for the Half Year Ended June 30, 2023
August 27, 2023 at 01:10 pm IST
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Linzhou Heavy Machinery Group Co.,Ltd reported earnings results for the half year ended June 30, 2023. For the half year, the company reported sales was CNY 717.31 million compared to CNY 419 million a year ago. Revenue was CNY 735.94 million compared to CNY 426.94 million a year ago.
Net income was CNY 62.63 million compared to net loss of CNY 7.16 million a year ago. Basic earnings per share from continuing operations was CNY 0.0781 compared to basic loss per share from continuing operations of CNY 0.0089 a year ago. Diluted earnings per share from continuing operations was CNY 0.0781 compared to diluted loss per share from continuing operations of CNY 0.0089 a year ago.
Linzhou Heavy Machinery Group Co.,Ltd is a China-based company principally engaged in the manufacture, sale, maintenance and leasing of coal machinery equipment. The Company's main products include brackets, scrapers, pillars, road headers and other products. The Company is also involved in the manufacture and sales of explosion-proof electrical apparatus and robots, the operation of coal mines, the casting of pig iron, the sales of coal, as well as commercial factoring business. The Company distributes its products mainly in domestic market.