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Sinomach General Machinery Science & Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 08, 2022 at 04:09 pm IST
Sinomach General Machinery Science & Technology Co., Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 834.78 million compared to CNY 700.31 million a year ago. Revenue was CNY 841.89 million compared to CNY 700.77 million a year ago. Net income was CNY 48.65 million compared to CNY 45.56 million a year ago. Basic earnings per share from continuing operations was CNY 0.3323 compared to CNY 0.3112 a year ago. Diluted earnings per share from continuing operations was CNY 0.3323 compared to CNY 0.3112 a year ago.
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Sinomach General Machinery Science & Technology Co., Ltd, formerly ANHUI GUOTONG HI-TECH PIPES INDUSTRY CO. LTD, is principally engaged in the development, manufacture, distribution, installation and technology research of pipes and pipe fittings. The Companyâs major products are polyvinyl chloride (PVC) pipes, double-wall corrugated pipes, reinforcement pipes, polyethylene (PE) pipes, gas pipes, water supply pipes, metal and plastic compound pipes and pipe fittings, among others. The Company operates its business mainly in domestic market.
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