Nanjing Sanchao New Material recently released its third quarter repor

Published: Oct 19, 2023 08:48

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Nanjing Sanchao New Material recently released its third quarter report, showing that the revenue for the first three quarters was 360 million yuan, an increase of 25.42% year-on-year; the net profit attributable to the parent was 25 million yuan, an increase of 548.23%, and the net profit growth rate was more than 20 times that of the revenue. The situation of Sanchao New Material's profit is gratifying. At present, its total market value is 2.212 billion yuan. Sanchao New Material is mainly engaged in the research and development, production and sales of superhard material tools, and is a "specialized and new" enterprise in Nanjing. Its products mainly include electroplated diamond wire and diamond grinding wheels, which are used for precision processing such as cutting, grinding and polishing of various hard and brittle materials.

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