Fu Nike achieved double-income growth in revenue in the first half of 2017

On August 2, Fu Nike (831378) disclosed the semi-annual report for 2017. The company achieved revenue of 95.082 million in the first half of the year, a year-on-year increase of 29.58%; net profit of 22.7242 million, an increase of 1.36%.
Performance growth, Fu Nike said that mainly due to the economic situation in the first half of 2017 and the impact of national environmental protection policy adjustment, the company's environmentally friendly, high-efficiency, long-life super-hard materials and super-hard tools have gained more customer attention. With recognition, the company's order volume has steadily picked up.
At the same time, in order to tap a larger market, the company continued to expand its business cooperation opportunities in the international market and enhance the competitiveness and influence of its products in the international market. The export of products in the current period grew rapidly, and the export sales increased by 134% over the same period of the previous year.
Rhino Star's self-selected stocks show that Fenike is principally engaged in the development, production and sales of cubic boron nitride abrasives and cubic boron nitride tools. The company's 2016 revenue was 147 million and the net profit was 251.138 million.

Camshafts

DAYUE can manufacture camshafts from a wide variety of materials to suit most heat treatment requirements, working from customer's drawings or supplied samples.

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A sample of the business sectors supported is motorsport, prestige, classic, power generation, matrix dresser cams and automotive development.