Reported about 1 year ago
Rulingtech (8083), a major bearing manufacturer, achieved its fourth-highest monthly revenue in June due to order recovery, resulting in the third-highest revenue for the first half of the year. Despite the Federal Reserve not lowering interest rates as expected, customer orders have become more conservative since June. Rulingtech is optimistic about surpassing last year's performance in the second half of the year, aiming for higher orders, shipments, and revenues for the full year. The company reported a 20.46% decrease in monthly revenue for June but a 72.75% year-over-year increase, with plans to absorb rising shipping costs independently.
Source: YAHOO