KEDE Numerical Control Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 07:15 pm EDT
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KEDE Numerical Control Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 60.73 million compared to CNY 50.34 million a year ago. Revenue was CNY 60.73 million compared to CNY 50.34 million a year ago. Net income was CNY 7.53 million compared to CNY 12.83 million a year ago. Basic earnings per share from continuing operations was CNY 0.083 compared to CNY 0.1886 a year ago. Diluted earnings per share from continuing operations was CNY 0.083 compared to CNY 0.1886 a year ago.
KEDE Numerical Control Co Ltd is a China-based company principally engaged in the research and development, production, sales and service of high-end five-axis Computer Numerical Control (CNC) machine tools and their key functional components, and high-end CNC systems. Its high-end CNC machine tools include five-axis vertical (including turning and milling), five-axis horizontal (including turning and milling), five-axis gantry, five-axis horizontal milling and turning compound four general machining centers and five-axis grinding, five-axis Two series of special-purpose machine tools for blades. Its high-end CNC systems include high-end CNC systems and servo drives. Its key functional components include motors, electric spindles, sensing systems, milling heads and turntables. The Company mainly conducts its business in the domestic market.