Zhejiang Rifa Precision Machinery Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 21, 2020 at 01:30 pm IST
Share
Zhejiang RIFA Precision Machinery Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 888.086 million compared to CNY 1,080.273 million a year ago. Operating income was CNY 93.145 million compared to CNY 134.955 million a year ago. Net income was CNY 62.349 million compared to CNY 92.582 million a year ago. Basic earnings per share from continuing operations was CNY 0.08 compared to CNY 0.12 a year ago.
ZheJiang RIFA Precision Machinery Co Ltd is a China-based company primarily engaged in the production and sales of computer numerical control (CNC) machine tools. The Company conducts three businesses. The products of the machinery and parts manufacturing business include bearing CNC grinding and ultrasonic machine tools and production lines, which are used in automobiles, aerospace, engineering machinery and other industries. The aerospace services business is engaged in the design, modification, maintenance, leasing and sales of civil aviation cargo aircraft, and provides services such as operating qualifications, aircraft, and crew members. The aerospace manufacturing business is engaged in the research, development and manufacturing of aerospace special intelligent processing equipment, aircraft digital intelligent assembly systems and special tooling fixtures. The Company mainly conducts its business in domestic and foreign markets.