Suzhou Mingzhi Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2023
October 30, 2023 at 09:19 am EDT
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Suzhou Mingzhi Technology Co., Ltd. reported earnings results for the nine months ended September 30, 2023. For the nine months, the company reported sales was CNY 346.7 million compared to CNY 461.4 million a year ago. Revenue was CNY 346.7 million compared to CNY 461.4 million a year ago.
Net loss was CNY 0.502253 million compared to net income of CNY 24.72 million a year ago. Basic loss per share from continuing operations was CNY 0.0041 compared to basic earnings per share from continuing operations of CNY 0.22 a year ago. Diluted loss per share from continuing operations was CNY 0.0041 compared to diluted earnings per share from continuing operations of CNY 0.22 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.