Power HF Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2023
August 16, 2023 at 06:50 am EDT
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Power HF Co., Ltd. reported earnings results for the half year ended June 30, 2023. For the half year, the company reported sales was CNY 700.91 million compared to CNY 394.39 million a year ago. Revenue was CNY 714.63 million compared to CNY 398.34 million a year ago.
Net income was CNY 48.16 million compared to CNY 24.53 million a year ago. Basic earnings per share from continuing operations was CNY 0.28 compared to CNY 0.14 a year ago. Diluted earnings per share from continuing operations was CNY 0.28 compared to CNY 0.14 a year ago.
Power HF Co Ltd is a company mainly engaged in research, development, manufacturing and sales of engine components. The Company's primary products are engine components, including cylinder blocks, cylinder heads, crankshafts and connecting rods, which are used in medium and heavy trucks. The Company's other products include diesel engines, which are used in agricultural machinery, construction machinery, power generation and ships. The Company is also involved in production of generator sets, including engines, generators and chassis, which are mainly applied in communications area. It also provides equipment installation, debugging and comprehensive operation and maintenance services for communication base stations, covering generator sets, air conditioners and antennas. The Company sells its products to both domestic and international markets, including Southeast Asia, the Middle East and Africa.
POWER HF CO., LTD. 
