Chengdu Haoneng Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 27, 2020 at 03:48 pm EDT
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Chengdu Haoneng Technology Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 927.702 million compared to CNY 930.241 million a year ago. Operating income was CNY 147.240 million compared to CNY 201.394 million a year ago. Net income was CNY 121.981 million compared to CNY 160.979 million a year ago. Basic earnings per share from continuing operations was CNY 0.5834 compared to CNY 0.77 a year ago.
Chengdu Haoneng Technology Co Ltd is a China-based company mainly engaged in the research and development, production and sales of automotive driveline-related components and high-end precision manufacturing of aerospace components. The Company's auto parts business includes two assembly systems, synchronizer and differential, as well as dual clutch transmission (DCT) parts and rail transit drive system parts, which are mainly used in fuel vehicles and new energy vehicles. The Company's aviation parts business products include aircraft nose, fuselage, wing, tail section and other related parts, which are mainly used in various types of military aircraft, civil aircraft and unmanned aerial vehicles.
CHENGDU HAONENG TECHNOLOGY CO., LTD. 
