XCMG: Earned Net Income CNY 2.43 Bn from Q1 to Q3, Down 19.4% YoY

Industrials Oct 31, 2020 12:00 AM (GMT+8) · EqualOcean

XCMG Machine released the Q3 financial report on October 31, 2020. According to its financial data, the company gained CNY 1.02 billion net profit contributing to shareholders for the first three quarters, down 47.8% year-on-year. XCMG achieved revenue of CNY 51.29 billion in the same period, up 18.6% year-on-year. Notably, XCMG’s cash flow from operating dropped to CNY 700 million, dramatically down 77.40%.

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XCMG has been Evaluated as Buy Rating