Power Hf Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
July 19, 2020 at 07:28 pm EDT
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Power HF Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 320.308 million compared to CNY 305.987 million a year ago. Operating income was CNY 55.462 million compared to CNY 57.315 million a year ago. Net income was CNY 45.747 million compared to CNY 46.865 million a year ago. Basic earnings per share from continuing operations was CNY 0.66 compared to CNY 0.72 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. 
