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XCMG Construction Machinery : Releases First Quarter 2021 Earnings Report, Hits Record Single Quarter Highs

Operating cash flow increased by 1502.97% year-on-year
Net profit attributable to shareholders of listed companies reached
$268.18 million, a year-on-year increase of 182.44% and a record high for a single quarter
Receivables financing is down 46.26% year-on-year
XUZHOU, China,
May 20, 2021 /CNW/ Leading construction machinery manufacturer XCMG (SHE:000425) released its First Quarter 2021 Earnings Report (the Report ) on
April 28, hitting record highs in both revenue and profit to mark a new milestone in business growth in the post COVID-19 era.
The Report shows
XCMG Construction Machinery s significantly increased investment into R&D reached
$112.73 million, a 44.63% increase year-on-year. Taking intelligent manufacturing (IM) as an example, XCMG has forged multiple intelligent production lines including the world s first intelligent production line for crane turntables and established the first full value chain factory across the con ....

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FTC, Wisconsin sue Frontier for delivering internet that's too slow

The complaint concerns what s called DSL internet, an older type of network that s sent over copper telephone wires. ....

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UAE's COVID-19 cases, recoveries steady as deaths continue to remain low

May 20, 2021
The United Arab Emirates on Thursday recorded 1,401 new coronavirus cases over the past 24 hours. WAM file photo
ABU DHABI The United Arab Emirates on Thursday recorded 1,401 new coronavirus cases over the past 24 hours, according to a statement from the health ministry.
The ministry announced three more deaths from complications caused by COVID-19 over the past 24 hours.
This brings the total number of confirmed infections in the country to 551,430 and virus-related fatalities to 1,642.
The new patients, all of whom are in a stable condition, and are receiving the necessary care, were detected after the ministry conducted 244,880 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment, according to the ministry. ....

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Lowe's, Target And TJX Q1 Profit Tops View

NORTH WILKESBORO (dpa-AFX) - Home improvement retailer Lowe's Companies Inc. (LOW) reported a profit for the first-quarter that climbed 73.1 percent from last year. Discount retailer Target Corp.'s ....

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