Jiangsu Yawei Machine Tool Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 26, 2021 at 04:58 am EDT
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Jiangsu Yawei Machine Tool Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 1,517.32 million compared to CNY 1,196.78 million a year ago. Revenue was CNY 1,517.32 million compared to CNY 1,196.78 million a year ago. Net income was CNY 138.45 million compared to CNY 104.04 million a year ago. Basic earnings per share from continuing operations was CNY 0.2532 compared to CNY 0.1914 a year ago. Diluted earnings per share from continuing operations was CNY 0.2508 compared to CNY 0.1905 a year ago.
Jiangsu Yawei Machine Tool Co., Ltd. is a China-based company engaged in the research, development, manufacture and sale of computerized numerical control (CNC) sheet metal forming machine tools and automated production lines. The Company operates through three segments. The Metal Forming Machine segment is engaged in the research, development and manufacture of host products, including CNC turret punch, CNC shears and others, as well as automatic production lines, including sheet metal automated processing equipment and coil processing machines. The Laser Processing Equipment segment is involved in the research, development and manufacture of two-dimensional laser cutting machines, two-dimensional laser flexible cutting units, laser welding systems, automatic production lines and others. The Smart Manufacturing Solutions segment includes industrial robots, industrial management software, industrial Internet big data platforms and warehouse logistics automation systems.