Turnover was mainly derived from sales in Jiangsu, Zhejiang, Guangdong and Guangxi.
World Precision Machinery has reported earnings of RMB53.9 million ($11.0 million) for the 1QFY2021 ended March, reversing from its losses of RMB5.1 million the year before.
Revenue for the quarter surged 97.7% y-o-y to RMB290.8 million due to higher sales in conventional stamping machines and high performance and high tonnage stamping machines.
