Bichamp Cutting Technology Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2022
July 17, 2022
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Bichamp Cutting Technology (Hunan) Co., Ltd. reported earnings results for the half year ended June 30, 2022. For the half year, the company reported sales was CNY 282.62 million compared to CNY 248.18 million a year ago. Revenue was CNY 288.32 million compared to CNY 252.66 million a year ago. Net income was CNY 41.82 million compared to CNY 29.94 million a year ago. Basic earnings per share from continuing operations was CNY 0.2 compared to CNY 0.15 a year ago. Diluted earnings per share from continuing operations was CNY 0.2 compared to CNY 0.15 a year ago.
Bichamp Cutting Technology Hunan Co Ltd is a China-based company primarily engaged in the production and sales of power supply products. The Company operates primarily through two segments. The Sawing segment is mainly engaged in the research, development, manufacturing and sales of sawing materials, sawing products, sawing processes and sawing equipment. The Power Supply segment is mainly engaged in the production and sales of consumer electronic power supplies, new energy smart photovoltaic/energy storage power supplies, data center power supplies and site energy power supplies. The Company's products are mainly used in aerospace, rail transit, automobile manufacturing, large-scale forging, engineering machinery, wind power, nuclear power, steel metallurgy, mold processing, consumer electronics and new energy fields. The Company mainly conducts its businesses in the domestic market.