Shanghai Hugong Electric Group Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 19, 2020 at 05:58 am EDT
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Shanghai Hugong Electric Group Co.,Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 618.115 million compared to CNY 552.786 million a year ago. Operating income was CNY 62.686 million compared to CNY 44.811 million a year ago. Net income was CNY 54.120 million compared to CNY 41.463 million a year ago. Basic earnings per share from continuing operations was CNY 0.17 compared to CNY 0.13 a year ago. Diluted earnings per share from continuing operations was CNY 0.18 compared to CNY 0.13 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. 
