Hunan Yujing Machinery Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 26, 2020 at 04:34 am EDT
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Hunan Yujing Machinery Co.,Ltd announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 88.231 million compared to CNY 109.037 million a year ago. Operating loss was CNY 4.337 million compared to operating Income of CNY 32.413 million a year ago. Net loss was CNY 3.662 million compared to net income of CNY 26.616 million a year ago. Basic loss per share from continuing operations was CNY 0.0366 compared to basic earnings per share from continuing operations of CNY 0.2662 a year ago.
Hunan Yujing Machinery Co., Ltd. is a China-based company mainly engaged in the research, development, design, manufacture and sales of precision computer numerical control (CNC) machine tools. The Company's main products include multi-wire cutting machines and grinding and polishing machines. Its products are mainly applied in cutting, grinding, polishing, drilling and other working operations of hard and brittle materials such as glass, sapphire, silicon materials, magnetic materials and ceramic materials. The Company also provides multi-wire cutting machine technical transformation services. The Company distributes its products in domestic market and to overseas markets.
HUNAN YUJING MACHINERY CO.,LTD 
