Hongfa Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 29, 2021 at 12:33 pm EDT
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Hongfa Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 2,379.378 million compared to CNY 1,439.331 million a year ago. Operating income was CNY 387.168 million compared to CNY 238.889 million a year ago. Net income was CNY 231.294 million compared to CNY 142.736 million a year ago. Basic earnings per share from continuing operations was CNY 0.31 compared to CNY 0.19 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. 
