Huachangda Intelligent Equipment Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 28, 2020 at 02:48 pm EDT
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Huachangda Intelligent Equipment Group Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 1,583.295 million compared to CNY 2,725.476 million a year ago. Operating loss was CNY 988.703 million compared to operating Income of CNY 61.267 million a year ago. Net loss was CNY 1,541.874 million compared to net income of CNY 24.242 million a year ago. Basic loss per share from continuing operations was CNY 2.78 compared to basic earnings per share from continuing operations of CNY 0.04 a year ago.
Huachangda Intelligent Equipment Group Co Ltd is a China-based company mainly engaged in providing advanced industrial robots, intelligent manufacturing equipment and system integration solutions. The Company's main business includes independent research and development (R&D), design, manufacturing, installation and commissioning, after-sales service, etc. of automatic intelligent equipment. The Company's products include body-in-white flexible welding production line, final assembly automation production line, coating automation production line, digital chemical plant solutions, intelligent conveying equipment, factory automation system, robot advanced manufacturing system, etc. The Company's products are exported to Brazil, the United States, Mexico and other countries and regions.