Hunan Oil Pump Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023
April 28, 2023 at 08:36 am EDT
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Hunan Oil Pump Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 405.88 million compared to CNY 398.55 million a year ago. Revenue was CNY 405.88 million compared to CNY 398.55 million a year ago.
Net income was CNY 35.94 million compared to CNY 31.36 million a year ago. Basic earnings per share from continuing operations was CNY 0.17 compared to CNY 0.15 a year ago. Diluted earnings per share from continuing operations was CNY 0.17 compared to CNY 0.15 a year ago.
Hunan Oil Pump Co Ltd is a China-based company principally engaged in the research and development, manufacturing and sales of engine pump products. The Company operates five segments, Diesel Engine Oil Pump segment, Gasoline Engine Oil Pump segment, Electric Motor segment, Transmission Pump segment, and New Energy Vehicle Parts segment. The Company's products mainly include engine pump products, transmission oil pumps, electronic pump products, motor products and intelligent driving execution layer control systems. The Company's products are used in fuel vehicles, new energy vehicles, generator sets, ship power and engineering machinery and other fields. Through its subsidiaries, the Company also provides vacuum pumps, automated manufacturing equipment and related information and technical services, and is engaged in the research, development and production of gears, reducers and aluminum die castings.