Hongfa Technology Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2019
July 30, 2019 at 12:29 pm EDT
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Hongfa Technology Co., Ltd. announced earnings results for the half year ended June 30, 2019. For the half year, the company announced sales was CNY 3,406.628 million compared to CNY 3,355.275 million a year ago. Operating income was CNY 582.714 million compared to CNY 596.352 million a year ago. Net income was CNY 354.754 million compared to CNY 367.317 million a year ago. Basic earnings per share from continuing operations was CNY 0.4763 compared to CNY 0.4932 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. 
