Hongfa Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
February 02, 2021 at 05:13 am EST
Share
Hongfa Technology Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 7,819.069 million compared to CNY 7,081.493 million a year ago. Operating income was CNY 1,305.194 million compared to CNY 1,138.813 million a year ago. Net income was CNY 832.143 million compared to CNY 704.054 million a year ago. Basic earnings per share from continuing operations was CNY 1.12 compared to CNY 0.95 a year ago.
Hongfa Technology Co., Ltd. is a China-based company principally engaged in the research, manufacture and sale of relays. In addition to the main product of relays, the Company also provides low-voltage electrical appliances, high-and low-voltage complete sets of equipment, precision spare parts, sensors, capacitors and automation equipment. The products of the Company are applied in industrial, energy, transportation, information, life appliances, healthcare and national security industries. The Company also owns laboratories for relay detection and analysis. The Company distributes its products within domestic market and to overseas markets.
HONGFA TECHNOLOGY CO., LTD. 
