Nanfang Bearing announces 2016 full year financial results
According to the achievement newsletter of Nanfang Bearing (Stock Code: 002553), the operating income of Nanfang Bearing in 2016 reached RMB 320 million yuan, up 5.92% over last year, of which the growth rate of its average operating income of auto parts was 35.69%; The net earnings attributable to shareholders of Nanfang Bearing were RMB 72.28 million yuan, rising by 10.82% over last year, of which the growth rate of its average net earnings of auto parts was 26.97%.
It is reported that the company operated on a stable and orderly basis through strengthening the development of new products and new customers during the report period, in which the operating income was RMB 320.0364 million yuan, an increase of 5.92% over last year and the net earnings attributable to shareholders of Nanfang Bearing was RMB 72.27996 million yuan, 10.82% higher than last year.
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