Southern Bearings: First Half of the Year to Achieve Counter-trend Growth Net Profit Increased 30.18% YoY

Southern Bearings released its semi-annual results on the evening of August 27th, reporting that southern bearings achieved operating income of 19,341.61 million yuan in the first half of 2020, up 1.47% YoY; Yuan, up 3.63% YoY, it is understood that Southern Bearing achieved operating profit of RMB41.107 million, up 28.84 percent YoY, and net profit of RMB36.137 million, up 30.18 percent YoY. This was mainly due to an increase in operating profit.