Strong downstream demand and full orders Neway Cnc Equipment (Suzhou) Co.Ltd(688697) 2021 net profit increased by 62%

Neway Cnc Equipment (Suzhou) Co.Ltd(688697) 2 on the evening of February 27, the annual performance express of 2021 was released. In 2021, the company achieved an operating revenue of 1.713 billion yuan, an increase of 47.06% over the same period of last year; The net profit attributable to the owners of the parent company was 168 million yuan, an increase of 61.56% over the same period last year; The net profit attributable to the owners of the parent company after deducting non recurring profits and losses was 151 million yuan, an increase of 60.03% over the same period of last year.

Neway Cnc Equipment (Suzhou) Co.Ltd(688697) said that in 2021, benefiting from the national industrial policy, the downstream industrial upgrading of the company’s industry drives the technological upgrading, and the downstream market demand is strong. Relying on its long-term accumulated independent R & D capability, strong marketing network and efficient comprehensive service capability, the company seized the opportunity to further optimize product performance and improve capacity utilization. During the reporting period, the company had full orders and achieved significant growth in performance. (Lin Yi)

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