Yuhuan Cnc Machine Tool Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 26, 2020 at 02:04 pm IST
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Yuhuan CNC Machine Tool Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 21.931 million compared to CNY 8.072 million a year ago. Operating loss was CNY 4.167 million compared to CNY 7.999 million a year ago. Net loss was CNY 4.219 million compared to CNY 7.686 million a year ago. Basic loss per share from continuing operations was CNY 0.0281 compared to CNY 0.0512 a year ago.
Yuhuan CNC Machine Tool Co Ltd is a China-based company mainly engaged in research and development, manufacture and sales of computer numerical control (CNC) grinding equipment and intelligent equipment. The Companyâs main products include CNC grinding machines, CNC grinding and polishing machines and intelligent equipment products, such as double-end CNC grinding machines, CNC camshaft grinders, CNC valve grinders, 3D magnetic flow polishing machines, CNC double-side polishing machines, CNC one side polishing machines, industrial robots and intelligent equipment sets and others. The Companyâs products are mainly applied in consumer electronics, automotive, new material, instrumentation and other fields. The Company is also engaged in the provision of comprehensive solutions for precision grinding and intelligent manufacturing technology. The Company conduct its businesses in domestic and overseas markets.
YUHUAN CNC MACHINE TOOL CO.,LTD. 
