Zhitong Financial App News, International Precision (00929) announced that in the six months ended June 30, 2021, the company's revenue was HK $518 million, an increase of 53.21% over the same period last year; the profit attributable to equity shareholders was HK $30.201 million, an increase of 1041.81% over the same period last year; and earnings per share were HK2.9 cents.

The announcement said that the global political and economic instability affected by the epidemic in 2020 had a great impact on sales orders. In 2021, as the global COVID-19 epidemic has been brought under control, domestic and foreign manufacturing industries have begun to recover, and foreign customer orders have gradually recovered, especially in automobile and hydraulic customers, which have returned to the pre-epidemic level. The auto parts business generated HK $280 million in sales in the first half of 2021, an increase of HK $98.779 million or 54.7 per cent over the same period last year.

At the same time, the company actively carried out strategic adjustment, the development of domestic hydraulic customers, hydraulic business sales achieved an ideal increase. In order to ensure the continued growth of orders, the company is actively developing new customers, led by customers in the hydraulic industry, laying the foundation for the hydraulic industry market. As a result, the hydraulic parts business achieved sales revenue of HK $164 million in the first half of the year, an increase of HK $75.309 million or 84.8% over the same period last year.