Shanxi Huhua Group Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
August 24, 2021
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Shanxi Huhua Group Co., Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced total revenue was CNY 305.509 million compared to CNY 226.061 million a year ago. Operating income was CNY 60.515 million compared to CNY 52.866 million a year ago. Net income was CNY 50.470 million compared to CNY 44.530 million a year ago. Basic earnings per share from continuing operations was CNY 0.25 compared to CNY 0.3 a year ago.
Shanxi Huhua Group Co Ltd is a China-based company mainly engaged in the research and development, production and sales of various types of civil explosives. The Company also provides customers with specific engineering blasting solutions and blasting services. The Company's main products are industrial explosives, industrial detonators, industrial cables and other initiating equipment. Its products are used in mining, metallurgy, transportation, water conservancy, power, construction and petroleum fields. The Company is also engaged in digital electronic detonator chip design research and development and consumer electronics product design services. The Company conducts its businesses within the domestic market and to overseas markets.