Sinomach Precision Industry Co.Ltd(002046) 3 on March 16, 2021 annual performance express was released. During the reporting period, the company achieved a revenue of 3.329 billion yuan, a year-on-year increase of 41.34%; The net profit attributable to shareholders of listed companies was 128 million yuan, a year-on-year increase of 104.87%. The core business of the company has achieved good development, and the bearing business and superhard material products business have increased significantly, driving the overall performance to rise.
The announcement shows that during the reporting period, with the production tasks in special fields such as China Aerospace increasing year by year, the growth of the company’s military bearing business has driven the steady growth of the profits of the bearing business segment.
At the same time, in terms of superhard material products, driven by the growth of demand in the semiconductor industry, the increase of demand in the field of commercial vehicles in the automotive industry and the recovery of the market in the tool and abrasive tool industry, superhard material products will achieve rapid growth in 2021. In terms of superhard materials, the acceptance and attention of cultivating diamond market have been continuously improved. The company’s cultivating diamond blank business and six sided press business for synthetic diamond have formed a new profit growth point of the company.
