QINGDAO, China—Mesnac Co. Ltd. achieved a 76-percent year-on-year increase in operating revenue in 2021 to about $853 million (Yuan 5.43 billion), according to the tire and rubber machinery maker's recently released annual report.
Operating profit came in 42 percent higher at about $23 million, while "net profit attributable to shareholders of listed company" rose 49 percent to about $22 million.
Mesnac linked the gains mainly to "continued growth of (its) rubber equipment business, as well as the revenue growth of the new chemical industry subsidiary."
According to the company, last year it overcame the adverse impact of the pandemic, while its rubber equipment business managed to maintain organic growth.
The machinery maker said its modular manufacturing of products, processes and elements helped it improve product quality and delivery efficiency rate.
Furthermore, the company said it continued to increase investment in research and development of new products and new technologies.
