Reported about 1 year ago
Fushide, a leading bearing manufacturer, reported a net profit of 70 million yuan in April, up 21% annually, with an earnings per share of 1.02 yuan. Combined with the first-quarter profits, the total EPS for the first four months of this year reached 4.29 yuan. Due to insufficient production capacity of high-end mobile phone chip by a Chinese-owned folding phone brand, Fushide and another supplier, Zhaoli, experienced weaker revenues in May. Fushide's May revenue dropped to 500 million yuan, down by 17.5% monthly but still up by 6.16% annually, accumulating a revenue of 2.817 billion yuan in the first five months, a 55% increase year-on-year. The company also recently announced a net profit of 70 million yuan for April, with an EPS of 1.02 yuan, totaling 294 million yuan net profit for the first four months, at 4.29 yuan per share. Zhaoli's May revenue decreased to 688 million yuan, down by 22.4% monthly, with only a slight 0.69% annual increase, hitting a one-year revenue low. The article also mentioned the impact of the COVID-19 situation in Xi'an on the semiconductor and automotive industries, as well as the upcoming deadline for domestic investors to balance their accounts.
Source: YAHOO