Yizumi Precision Machinery 2016 profit up nearly one-fold
Guangdong Yizumi Precision Machinery Co., Ltd. released its annual results for 2016 on Feb. 22.
The company’s operating revenue in 2016 totaled 1,452.46 million yuan, up 22.17% year on year; the net profit reached 132.32 million yuan, up 97.88%; and the net profit attributable to shareholders was 114.94 million yuan, up 58.93%.
By the end of 2016, the firm’s total assets grew 25.96% from the beginning of the year, and the equity attributable to shareholders increased 10.66%.
Yizumi Precious Machinery’s total asset growth was contributed by greater sales revenue and business scale, as well as the investment paid to Foshan Haisheng Financial Leasing Co., Ltd. and the 51% stake in Yiming Precision Mould Co., Ltd., valued 189.72 million yuan.
The company was established in 2002 and went public in Shenzhen A-share market in 2015.
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