Shanghai Hugong Electric Group Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 10, 2020 at 06:23 am EDT
Share
Shanghai Hugong Electric Group Co.,Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 356.225 million compared to CNY 367.414 million a year ago. Operating income was CNY 37.585 million compared to CNY 27.453 million a year ago. Net income was CNY 32.359 million compared to CNY 25.326 million a year ago. Basic earnings per share from continuing operations was CNY 0.1 compared to CNY 0.08 a year ago.
SHANGHAI HUGONG ELECTRIC GROUP CO., LTD. is a China-based company principally engaged in the research, development, manufacture and sales of welding and cutting equipment. The Company's main products include gas shielded welding machines, argon arc welding machines, manual arc welding machines, submerged arc welding machines and other arc welding equipment products. Its products are widely used in automobile manufacturing, marine engineering, electric power stations, aerospace, military, petrochemical equipment, pipeline construction, rail transportation, construction engineering, machinery manufacturing, bridge construction, pressure vessels, shipbuilding, general equipment manufacturing, new energy, Power battery, 3C industry and many other industries. The Company distributes its products in domestic market and to overseas markets.
SHANGHAI HUGONG ELECTRIC GROUP CO.,LTD. 
