Jack Sewing Machine Co., Ltd. Announces Earnings Results for the First Quarter Ended March 31, 2021
April 26, 2021 at 02:11 pm EDT
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Jack Sewing Machine Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the quarter, the company announced sales was CNY 1,752.329 million compared to CNY 979.605 million a year ago. Operating income was CNY 165.926 million compared to CNY 61.396 million a year ago. Net income was CNY 138.636 million compared to CNY 47.894 million a year ago. Basic earnings per share from continuing operations was CNY 0.31 compared to CNY 0.11 a year ago.
Jack Technology Co Ltd, formerly Jack Sewing Machine Co Ltd, is a China-based company mainly engaged in the research and development (R&D), production and sales of industrial sewing machinery. The Company's products include industrial sewing machines, cutting beds, cloth laying machines, cloth inspection machines, automatic sewing equipment for shirts and jeans and others. The Company's products also include important parts of sewing machinery such as motor, electric control, frame and platen. The Company's products are mainly exported to Asia, South America, Europe, Africa and other regions.
JACK TECHNOLOGY CO.,LTD 
