Neway Cnc Equipment (Suzhou) Co.Ltd(688697) in the first quarter, the operating revenue increased by 25% and the net profit increased by 189%

On the evening of April 28, Neway Cnc Equipment (Suzhou) Co.Ltd(688697) released the first quarter report of 2022. The announcement shows that the company achieved an operating revenue of 427 million yuan in the first quarter of this year, a year-on-year increase of 25.11%; The net profit attributable to the shareholders of the listed company was 528846 million yuan, a year-on-year increase of 189.32%; The basic earnings per share is 0.1619 yuan / share.

Neway Cnc Equipment (Suzhou) Co.Ltd(688697) said that the sharp increase in net profit was mainly due to the increase in sales and profitability during the reporting period.

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