Sinomach Precision Industry Co.,Ltd.

Shenzhen Stock Exchange 002046.SZ

Sinomach Precision Industry Co.,Ltd. Gross Profit Margin for the year ending December 31, 2023: 32.86%

Sinomach Precision Industry Co.,Ltd. Gross Profit Margin is 32.86% for the year ending December 31, 2023, a 35.93% change year over year. Gross Profit Ratio is the ratio of gross profit to net sales, indicating the percentage of revenue that exceeds the cost of goods sold and reflects the efficiency of a company in managing its production or procurement and sales.

Sinomach Precision Industry Co.,Ltd. Gross Profit Margin for the year ending December 31, 2022 was 24.18%, a 15.47% change year over year.
Sinomach Precision Industry Co.,Ltd. Gross Profit Margin for the year ending December 31, 2021 was 20.94%, a -12.07% change year over year.
Sinomach Precision Industry Co.,Ltd. Gross Profit Margin for the year ending December 31, 2020 was 23.81%, a -3.60% change year over year.
Sinomach Precision Industry Co.,Ltd. Gross Profit Margin for the year ending December 31, 2019 was 24.70%, a 1.52% change year over year.

Key data

Date	Gross Profit Margin	Operating Income Margin	EBT Margin	Net Income Margin

Shenzhen Stock Exchange: 002046.SZ

Sinomach Precision Industry Co.,Ltd.

CEO	Mr. Wei Jiang
IPO Date	May 26, 2005
Location	China
Headquarters	No. 121 Science Avenue
Employees	1,874
Sector	Materials
Industries Chemicals & Advanced Materials Automotive Parts Machinery

Description

Sinomach Precision Industry Co., Ltd. researches, develops, manufactures, and sells bearings and related parts in China. It offers ordinary and consolidated abrasives; super hard material products; coated abrasives; and testing and industry specific equipment. It serves aerospace, automotive and rail transportation, energy and environmental protection, marine weapons, machine tools, petrochemicals, electronics, metallurgy, construction, and other industries. The company was formerly known as Luoyang Bearing Science & Technology Co.,Ltd and changed its name to Sinomach Precision Industry Co., Ltd. in December 2020. Sinomach Precision Industry Co., Ltd. was founded in 2001 and is based in Zhengzhou, China.

Key trends

Past 5 years