PVTIME – On July 11, Hunan Yujing Machinery Co., Ltd. (002943.SZ) released an announcement on forecasting its performance in the first half year of 2022.
The company expects to achieve a net profit of 36 million to 42 million yuan during the reporting period, a year-on-year increase of 2828.02% to 3316.02%.
The company stated that the main reasons for the increase are the improvement of its products and services and the expanding of the market. Meanwhile, its sales volume of core products, such as cutting machines, diamond wires and so forth, was significantly increased due to the strong demand. Therefore, the company may achieve a great profit growth compared with the same period of previous year.