Power Hf Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 29, 2020 at 05:33 am EDT
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Power HF Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,166.477 million compared to CNY 832.145 million a year ago. Operating income was CNY 158.808 million compared to CNY 125.653 million a year ago. Net income was CNY 136.962 million compared to CNY 105.349 million a year ago. Basic earnings per share from continuing operations was CNY 2.03 compared to CNY 1.62 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. 
