Guangzhou Haozhi Industrial Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 29, 2021 at 07:45 am EDT
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Guangzhou Haozhi Industrial Co.,Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 260.613 million compared to CNY 171.174 million a year ago. Operating income was CNY 42.288 million compared to CNY 16.355 million a year ago. Net income was CNY 35.049 million compared to CNY 14.045 million a year ago. Basic earnings per share from continuing operations was CNY 0.12 compared to CNY 0.05 a year ago.
Guangzhou Haozhi Industrial Co.,Ltd. is a China-based company principally engaged in the research, development, manufacture and sales of spindles, rotary tables and spare parts of computerized numerical control (CNC) machines, as well as the provision of maintenance services. The Company's main products include printed circuit board (PCB) drilling machine spindles, PCB forming machine spindles, CNC engraving and milling machine spindles, high speed machining center spindles, drilling and tapping center spindles, ultrasonic electric spindles, lathe spindles and woodworking electric spindles. The Companyâs products are mainly used in CNC lathes, drill hole special machine tools and CNC milling machine tools. The Company distributes its products mainly in domestic market, with South China and East China as its main markets.
GUANGZHOU HAOZHI INDUSTRIAL CO.,LTD. 
