Anhui Fengxing Wear Resistant Materials Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
August 30, 2021 at 08:02 am EDT
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Anhui Fengxing Wear Resistant Materials Co., Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced total revenue was CNY 418.602 million compared to CNY 291.463 million a year ago. Operating income was CNY 56.047 million compared to CNY 40.572 million a year ago. Net income was CNY 41.221 million compared to CNY 29.196 million a year ago. Basic earnings per share from continuing operations was CNY 0.47 compared to CNY 0.33 a year ago.
Fengxing Co Ltd, formerly Anhui Fengxing Wear Resistant Materials Co Ltd, is a China-based company mainly engaged in high-efficiency and environmentally friendly motors and integrated system solutions for marine power business and wear-resistant materials business. The high-efficiency and environmentally friendly motors and integrated system solutions for marine power business is mainly engaged in the research and development, manufacturing, sales and service of high-efficiency and environmental-friendly generators and their application in specific scenarios. The wear-resistant materials business is specialized in the research and development, production, sales and technical services of wear-resistant materials, including high-chromium ball sections, extra-high-chromium ball sections, liners and others.