Hongfa Technology Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
July 30, 2020 at 03:43 am EDT
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Hongfa Technology Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 3,441.102 million compared to CNY 3,406.628 million a year ago. Operating income was CNY 589.926 million compared to CNY 582.714 million a year ago. Net income was CNY 357.360 million compared to CNY 354.754 million a year ago. Basic earnings per share from continuing operations was CNY 0.4798 compared to CNY 0.4763 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. 
