Neway CNC Equipment Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 04:33 am EDT
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Neway CNC Equipment (Suzhou) Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 427.27 million compared to CNY 341.5 million a year ago. Revenue was CNY 427.27 million compared to CNY 341.5 million a year ago. Net income was CNY 52.88 million compared to CNY 18.28 million a year ago. Basic earnings per share from continuing operations was CNY 0.1619 compared to CNY 0.0746 a year ago.
Neway CNC Equipment Suzhou Co Ltd is a China-based company engaged in the research and development (R&D), production and sales of medium and high-grade numerical control machine (CNC) machine tools. The Company's products mainly include large machining centers, vertical CNC machine tools, horizontal CNC machine tools and other main product categories. The large machining centers mainly include fixed column gantry machining centers, overhead bridge gantry machining centers, CNC boring and milling machines and other series models. The vertical CNC machine tools include high-speed vertical machining centers, motorized spindle vertical machining center series and other series models. The horizontal CNC machine tools include high-speed horizontal machining centers, high-efficiency horizontal machining centers, inclined bed CNC horizontal lathe series and other series models. The Company's products are exported to the United States, Germany, Britain, Italy and other countries and regions.
NEWAY CNC EQUIPMENT (SUZHOU) CO., LTD. 
