Shanghai Hugong Electric Group Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023
April 25, 2023 at 09:02 am EDT
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Shanghai Hugong Electric Group Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 203.19 million compared to CNY 247.64 million a year ago. Revenue was CNY 203.19 million compared to CNY 247.64 million a year ago.
Net income was CNY 6.97 million compared to CNY 10.68 million a year ago. Basic earnings per share from continuing operations was CNY 0.02 compared to CNY 0.03 a year ago. Diluted earnings per share from continuing operations was CNY 0.02 compared to CNY 0.03 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. 