Hongfa Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 06:49 am EDT
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Hongfa Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 2,874.78 million compared to CNY 2,379.38 million a year ago. Revenue was CNY 2,874.78 million compared to CNY 2,379.38 million a year ago. Net income was CNY 279.35 million compared to CNY 231.29 million a year ago. Basic earnings per share from continuing operations was CNY 0.2714 compared to CNY 0.2214 a year ago. Diluted earnings per share from continuing operations was CNY 0.2714 compared to CNY 0.2214 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.