Masterwork Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2022
April 26, 2023 at 04:35 pm IST
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Masterwork Group Co., Ltd. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was CNY 1,263.73 million compared to CNY 1,433.71 million a year ago. Revenue was CNY 1,312.14 million compared to CNY 1,467.29 million a year ago.
Net loss was CNY 67.46 million compared to net income of CNY 34.5 million a year ago. Basic loss per share from continuing operations was CNY 0.18 compared to basic earnings per share from continuing operations of CNY 0.08 a year ago. Diluted loss per share from continuing operations was CNY 0.18 compared to diluted earnings per share from continuing operations of CNY 0.08 a year ago.
Masterwork Group Co., Ltd., formerly Masterwork Machinery Co., Ltd., is principally engaged in the research, development, production and distribution of printing equipment. The Company mainly provides hot stamping machines, mainly applied in gilding, die cutting, creasing and pressing of paper packaging decoration materials, such as paper boxes and trademarks; die cutting machines, mainly applied in die cutting, creasing and cold pressing of trademarks, paper boxes and greeting cards, pasting machines, mainly used for molding processing of foods, liquor and tobacco, medicine and cosmetics, as well as inspection equipment and others. The Company distributes its products in both domestic and overseas markets.