Shanghai Hugong Electric Group Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 11:03 am EDT
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Shanghai Hugong Electric Group Co.,Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 222.754 million compared to CNY 103.893 million a year ago. Operating income was CNY 15.143 million compared to CNY 6.438 million a year ago. Net income was CNY 13.278 million compared to CNY 5.340 million a year ago. Basic earnings per share from continuing operations was CNY 0.04 compared to CNY 0.02 a year ago. Diluted earnings per share from continuing operations was CNY 0.05 compared to CNY 0.02 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. 