Suzhou Mingzhi Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
February 16, 2022 at 03:43 am EST
Share
Suzhou Mingzhi Technology Co., Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 718.13 million compared to CNY 612.47 million a year ago. Net income was CNY 123.15 million compared to CNY 117.69 million a year ago.
Suzhou Mingzhi Technology Co Ltd is a China-based company mainly engaged in the research and development, manufacture and sales of intelligent core-making equipment and aluminum alloy castings. The Company's core-making equipment includes core shooting machines, core-making units, core-making centers, core-making production lines and intelligent casting workshops. Its aluminum alloy castings mainly include parts such as condensing wall-hung boiler heat exchangers, commercial vehicle parts, as well as rail transit and high-speed rail train parts. The Company's core-making equipment is used to produce most material castings such as aluminum castings, iron castings and steel castings, including automotive engine cylinder heads and gearbox housings. The Company's castings are applied in automobile, construction machinery, rail transit, mechanical equipment, thermal energy engineering and aerospace fields. The Company distributes its products within domestic market and to overseas markets.
SUZHOU MINGZHI TECHNOLOGY CO., LTD. 
