Ningbo Huaxiang Electronic Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023
February 26, 2024 at 04:55 am EST
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Ningbo Huaxiang Electronic Co., Ltd. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was CNY 23,109.39 million compared to CNY 19,734.6 million a year ago. Net income was CNY 1,098.67 million compared to CNY 984.32 million a year ago.
Basic earnings per share from continuing operations was CNY 1.35 compared to CNY 1.21 a year ago.
Ningbo Huaxiang Electronic Co., Ltd. is a China-based company, principally engaged in the design, development, manufacture and distribution of automobile components. The Company's main products consist of interior and exterior trims, including instrument panels, center channel assemblies, front and rear windshields, spoilers, roofs, bellows; automotive chassis accessories; air-conditioning accessories; automotive engine accessories; automotive electrical and electronic accessories; metal stampings and others. The main supporting models of its products include BMW 3, 5 and X series; Mercedes-Benz C-Class and E Class series, and Tiguan, New Passat, New Sunny, Audi Q5, Audi A6L, Sagitar, Golf A7, Skoda, Roewe, Crown, Reiz, Corolla, Teana and others. The Company distributes its products within domestic market and to overseas markets.