Hangcha Group Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 19, 2022 at 03:58 am EDT
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Hangcha Group Co., Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 3,603.37 million compared to CNY 3,351.88 million a year ago. Revenue was CNY 3,603.37 million compared to CNY 3,351.88 million a year ago. Net income was CNY 190.21 million compared to CNY 220.71 million a year ago. Basic earnings per share from continuing operations was CNY 0.22 compared to CNY 0.25 a year ago. Diluted earnings per share from continuing operations was CNY 0.22 compared to CNY 0.25 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.