Siasun sees revenue surge of 82.3 percent in Q3

Siasun Robot & Automation Co, China's biggest maker of industrial robots, posted a 82.3 percent jump in revenue from a year ago in the third quarter, the company said today.

Its revenue totaled 650 million yuan (US$98 million) from July to September,  notching a record high, it said in an official filing.

Siasun's third quarter revenue "surged this year as it benefited from China's industrial rally," the company said.

China's industrial output rose 6.7 percent year on year over the first nine months, 0.7 percentage points faster than a year ago, according to the National Bureau of Statistics.

The output of China's industrial robots soared 69.4 percent over the first three quarters compared with a year earlier, according to the bureau.

Siasun has generated a year-on-year 50 percent growth in new orders of industrial robots and logistics and metro equipment since December last year, with those of industrial robots growing the fastest, the company said.

Over the first nine months, Siasun's revenue surged 34.6 percent from a year ago to 1.68 billion yuan while its net profit rose 10.2 percent year on year to 274 million yuan.

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