Hongfa Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 28, 2020 at 03:56 am EDT
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Hongfa Technology Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 5,437.361 million compared to CNY 5,147.872 million a year ago. Operating income was CNY 978.779 million compared to CNY 897.371 million a year ago. Net income was CNY 597.236 million compared to CNY 555.822 million a year ago. Basic earnings per share from continuing operations was CNY 0.8019 compared to CNY 0.7463 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. 
