Hangcha Group Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 23, 2020 at 04:25 am EDT
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Hangcha Group Co. Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 2,044.840 million compared to CNY 2,215.386 million a year ago. Operating income was CNY 181.052 million compared to CNY 182.525 million a year ago. Net income was CNY 152.296 million compared to CNY 144.737 million a year ago. Basic earnings per share from continuing operations was CNY 0.25 compared to CNY 0.23 a year ago.
Hangcha Group Co.,Ltd. is a China-based company principally engaged in the research, development, manufacture and distribution of forklifts and other industrial vehicles. The Companyâs products mainly include combustion forklifts, electric forklift and other industrial vehicles. Its products are applied in the fields of manufacture industry, transportation industry, warehousing industry, postal industry, wholesale and retail industry. The Company distributes its products within domestic market and to overseas markets, including Brazil, America, Russia, as well as Southeast Asia, among others.
HANGCHA GROUP CO., LTD 
