Nanxing Machinery Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 02:43 pm IST
Share
Nanxing Machinery Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 684.77 million compared to CNY 677.96 million a year ago. Revenue was CNY 684.77 million compared to CNY 677.96 million a year ago. Net income was CNY 77.51 million compared to CNY 71.78 million a year ago. Basic earnings per share from continuing operations was CNY 0.2623 compared to CNY 0.243 a year ago. Diluted earnings per share from continuing operations was CNY 0.2623 compared to CNY 0.2429 a year ago.
Nanxing Machinery Co., Ltd. is a China-based company principally engaged in the research and development, design, manufacture and sales of complete equipment for manufacturing plate furniture. The Companyâs major products include automatic edge banding machines, numerical controlled panel saws, multi-spindle drilling machines, precise sliding table saws and machining centers. The Companyâs products are primarily used in the plate furniture industry and other fields that process or utilize artificial boards. The fields contain manufacturing of custom furniture, component cabinets, wooden doors and floors, as well as the processing of artificial boards used in construction and decoration, exhibition and production of automobiles and ships. The Company also provides related accessories. The Company distributes its products in domestic market and to overseas markets.
NANXING MACHINERY CO., LTD. 
