15/11/2018-2

Jinshang machine tool first interim dividend

Tsusuda Machine Tool (China) (1651), which is owned by Japan’s Tsusho, announced that it had a net profit of 219 million yuan (RMB. The same period) for the half-year period ending September this year, up 1.16 times year-on-year, and earnings per share was 0.58 yuan. Revenue rose 37% to 1.643 billion yuan. Interim dividend of 0.2 yuan, no dividends during the same period last year. The stock rose 7.4% yesterday to 8.51 yuan, with a turnover of 10.55 million yuan. The gross profit of Jinshang Machine Tool during the period was 414 million yuan, up 76% year-on-year.

According to the performance of the machine tool in Tianjin, the trade relationship between China and the United States was tense in the third quarter, which caused the Chinese manufacturing industry to show a downward trend. However, at the beginning of the fiscal year, the Group’s production capacity was improved by increasing the number of employees and improving the bottleneck process. .