On March 16, Sinomach Precision Industry Co.Ltd(002046) released the performance express. In 2021, the total operating revenue was about 3.329 billion yuan, a year-on-year increase of 41.34%; The net profit was about 128 million yuan, a year-on-year increase of 104.87%.
Sinomach Precision Industry Co.Ltd(002046) said that with the increasing production tasks in special fields such as China aerospace, the growth of its military bearing business has driven the steady growth of profits in the bearing business segment. 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, the recovery of the market of tools and abrasives and other factors, superhard material products will achieve rapid growth in 2021. The diamond blank business cultivated by the company and the six sided press business used to synthesize diamond have also formed new profit growth points.
According to the record of investor relations activities previously disclosed by Sinomach Precision Industry Co.Ltd(002046) disclosure, the company said that the diamond cultivation field is a new profit growth point of the company, involving two businesses, one is a six sided press for synthetic diamond (diamond cultivation) and the other is a rough diamond cultivation made by MPCVD. At present, there are more than 100 MPCVD equipment, of which more than 10 are used for R & D, More than 90 sets are used for production, and more than 30 of the more than 90 sets of equipment used for production are currently under commissioning.
