Yongmao posts earnings of RMB55.3 mil for FY2022

Crane operator Yongmao Holdings has posted earnings of RMB10.8 million ($2.2 million) for the 2HFY2022 ended March, 64% lower than earnings of RMB30 million in the 2HFY2020.

Earnings for the FY2022 stood at RMB55.3 million, 0.8% higher than earnings of RMB54.8 million in FY2021.

2HFY2022 revenue fell 23.4% y-o-y to RMB480 million, mainly due to the high base in 2HFY2021 with Covid-19 under control in China. Certain backlog deliveries were also fulfilled during the half-year.

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