Jiangsu Yawei Machine Tool Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 04:46 am EDT
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Jiangsu Yawei Machine Tool Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 516.87 million compared to CNY 394.82 million a year ago. Revenue was CNY 516.87 million compared to CNY 394.82 million a year ago. Net income was CNY 41.57 million compared to CNY 35.32 million a year ago. Basic earnings per share from continuing operations was CNY 0.076 compared to CNY 0.0635 a year ago. Diluted earnings per share from continuing operations was CNY 0.0751 compared to CNY 0.0633 a year ago.
Jiangsu Yawei Machine Tool Co., Ltd. is a China-based company engaged in the research, development, manufacture and sale of computerized numerical control (CNC) sheet metal forming machine tools and automated production lines. The Company operates through three segments. The Metal Forming Machine segment is engaged in the research, development and manufacture of host products, including CNC turret punch, CNC shears and others, as well as automatic production lines, including sheet metal automated processing equipment and coil processing machines. The Laser Processing Equipment segment is involved in the research, development and manufacture of two-dimensional laser cutting machines, two-dimensional laser flexible cutting units, laser welding systems, automatic production lines and others. The Smart Manufacturing Solutions segment includes industrial robots, industrial management software, industrial Internet big data platforms and warehouse logistics automation systems.
JIANGSU YAWEI MACHINE TOOL CO., LTD. 
