Maxonic had net profit of RMB64.151 million in 2019 with 14.09% increase

Shenzhen Maxonic Automation Control released its 2019 annual report on the evening of April 20, which showed that the company’s operating income in 2019 was 697 million yuan, an increase of 17.45 percent over the same period last year.

Shenzhen Maxonic Automation Control released its 2019 annual report on the evening of April 20, which showed that the company’s operating income in 2019 was 697 million yuan, an increase of 17.45 percent over the same period last year.

The net profit belonging to shareholders of listed companies was 64.151 million yuan, up 14.09 percent from the same period last year, while the company’s earnings per share were 0.22 yuan.

At the same time, the company issued a forecast of results for the first quarter of 2020, of which the net profit is expected to be from -5.3823 million yuan to -3.2294 million yuan, while that of the same period last year is 10.7645 million yuan.

Based on the report, the main reasons for the changes in performance in the first quarter of 2020 are as follows: first, during the reporting period, due to the impact of the COVID-19 epidemic, the operation of the downstream enterprises of the company lagged behind, and the market started later than in previous years, resulting in a decline in sales revenue and net profit compared with the same period last year.

With the gradual control of the domestic epidemic situation and the increase of downstream construction projects, the company has gradually returned to the normal state of production and operation.

Second, during the reporting period, non-recurrent gains and losses are expected to be about $2.1779 million, compared with $1.5318 million in the same period last year.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/21/maxonic-had-net-profit-of-rmb64-151-million-in-2019-with-14-09-increase/.

Leave a Reply

Please Login to Comment