It is reported that Jinxi Axle filed its net profit and revenue grew 136.4%YoY and 24.62%YoY to CNY 44.51 million and CNY 1.08 billion in the first half for EPS of CNY 0.15.

The company said demand for domestic railway transport recovered rapidly in the first half of the year resulting in higher sales and allowing it to raise prices. It also made significant progress on cost control.

Jinxi Axle is based in Taiyuan city, Shanxi province and produces train axles wheel pairs and rolling stocks for railway systems. It exports to the US, India, Canada, Brazil, South Korea and Australia and also supplies China railway ministry.

(Sourced from p5w.net)