Longhua Technology Group Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 04:17 am EDT
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Longhua Technology Group Co.,Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 382.562 million compared to CNY 284.681 million a year ago. Operating income was CNY 73.936 million compared to CNY 64.053 million a year ago. Net income was CNY 55.143 million compared to CNY 47.167 million a year ago. Basic earnings per share from continuing operations was CNY 0.06 compared to CNY 0.05 a year ago.
Longhua Technology Group Luoyang Co Ltd, formerly Luoyang Longhua Heat Transfer & Energy Conservation Co., Ltd, is principally engaged in the research, development, design, manufacture and sale of cooling and condensing equipment, as well as water treatment systems. The Company operates through four segments. The Energy Saving Heat Exchange segment is engaged in the research, development, manufacture and sales of industrial cooling and heat exchange equipment. The Water Treatment segment is engaged in the provision of water treatment and sewage treatment services, as well as engineering contractor service. The New Materials segment is engaged in the manufacture of high purity rare metal sputtering target material including molybdenum, among others. The Other Business segment is engaged in the construction of build-transfer (BT) projects.
LONGHUA TECHNOLOGY GROUP CO.,LTD. 
