Saurer Intelligent Technology Co.,Ltd. Announces Earnings Results for the First Quarter Ended March 31, 2021
April 29, 2021 at 02:59 pm EDT
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Saurer Intelligent Technology Co.,Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 1,242.008 million compared to CNY 1,162.953 million a year ago. Operating income was CNY 30.270 million compared to operating loss of CNY 51.344 million a year ago. Net income was CNY 17.249 million compared to net loss of CNY 48.170 million a year ago. Basic earnings per share from continuing operations was CNY 0.0096 compared to basic loss per share from continuing operations of CNY 0.0256 a year ago.
Saurer Intelligent Technology Co Ltd, formerly Xinjiang Urban Construction Group Co Ltd, is a China-based company mainly engaged in the research and development, production and sales of intelligent textile complete sets of equipment and core components. The Company mainly operates through two segments. The Spin Business segment is mainly engaged in the manufacture and sales of blow-carding units, combing frames, roving frames, draw frames, and new textile machinery, as well as the provision of parts and components required for related machinery. The Technical Business segment is mainly engaged in the research and development, design and manufacture of twisting machines and embroidery machines; and provides parts and components for related machinery and sells various parts and components externally. The Company's products are sold in domestic and overseas markets.
SAURER INTELLIGENT TECHNOLOGY CO. LTD 
