Shanxi Huaxiang Group Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2022
July 28, 2022 at 02:12 pm IST
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Shanxi Huaxiang Group Co., Ltd. reported earnings results for the half year ended June 30, 2022. For the half year, the company reported sales was CNY 1,733.18 million compared to CNY 1,472.61 million a year ago. Revenue was CNY 1,746.12 million compared to CNY 1,483.25 million a year ago. Net income was CNY 180.02 million compared to CNY 158.68 million a year ago. Basic earnings per share from continuing operations was CNY 0.41 compared to CNY 0.37 a year ago. Diluted earnings per share from continuing operations was CNY 0.4 compared to CNY 0.37 a year ago.
Shanxi Huaxiang Group Co Ltd is a China-based company mainly engaged in the research and development, manufacture and sales of various customized metal parts. The Companyâs products mainly include compressor components, such as crankshafts, cylinders, pistons and flanges; construction machinery components, such as counterweights, axles and axle housings, as well as system components for automotive brake system equipment, steering system equipment and clutches, such as housings, brackets, bearing caps, pressure plates and connecting rods. The Company also provides pump and valve pipes and other products. The Company's products are mainly applied in white household appliances, construction machinery and automobile manufacturing fields. The Company distributes its products in domestic market and to overseas markets.