Shanghai Hugong Electric Group Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 28, 2020 at 05:55 pm
Share
Shanghai Hugong Electric Group Co.,Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 907.482 million compared to CNY 863.795 million a year ago. Operating income was CNY 100.113 million compared to CNY 80.853 million a year ago. Net income was CNY 95.229 million compared to CNY 74.229 million a year ago. Basic earnings per share from continuing operations was CNY 0.3 compared to CNY 0.26 a year ago.
SHANGHAI HUGONG ELECTRIC GROUP CO., LTD. is a China-based company principally engaged in the research, development, manufacture and sales of welding and cutting equipment. The Company's main products include gas shielded welding machines, argon arc welding machines, manual arc welding machines, submerged arc welding machines and other arc welding equipment products. Its products are widely used in automobile manufacturing, marine engineering, electric power stations, aerospace, military, petrochemical equipment, pipeline construction, rail transportation, construction engineering, machinery manufacturing, bridge construction, pressure vessels, shipbuilding, general equipment manufacturing, new energy, Power battery, 3C industry and many other industries. The Company distributes its products in domestic market and to overseas markets.
SHANGHAI HUGONG ELECTRIC GROUP CO.,LTD. 
