Hongfa Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 29, 2020 at 02:05 pm EDT
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Hongfa Technology Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 7,081.493 million compared to CNY 6,879.774 million a year ago. Operating income was CNY 1,138.813 million compared to CNY 1,112.005 million a year ago. Net income was CNY 704.054 million compared to CNY 698.846 million a year ago. Basic earnings per share from continuing operations was CNY 0.95 compared to CNY 0.94 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.