[Caihua News] Jiuxing Holdings (01836.HK) announced that in the three months ended December 31, 2021, the group's unaudited consolidated income increased by 44.9% to about $405.8 billion (2020: $280.1 million). For the year ended December 31, 2021, the Group's unaudited consolidated income increased by 35.6% to approximately $1.5406 billion (2020: $1.1358 billion). Mainly due to the group manufacturing business orders continued to pick up.
Shipments for the three months ended December 31, 2021 and for the whole year increased by 33.3% and 28.6% respectively, mainly due to the continued rebound in orders for all product categories of the Group.
The average selling price increased for the three months and the whole year ended 31 December 2021, mainly due to changes in the group's customer mix and product mix.