Sichuan Haowu Electromechanical Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 03:50 pm IST
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Sichuan Haowu Electromechanical Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 497.301 million compared to CNY 893.854 million a year ago. Operating loss was CNY 31.059 million compared to CNY 18.239 million a year ago. Net loss was CNY 30.419 million compared to CNY 21.152 million a year ago. Basic loss per share from continuing operations was CNY 0.046 compared to CNY 0.035 a year ago.
Sichuan Haowu Electromechanical Co Ltd is a China-based company mainly engaged in vehicle sales, automotive aftermarket services and machinery parts production. The Company's passenger vehicle distribution and automotive aftermarket service businesses are mainly engaged in vehicle sales, repair and maintenance services, and comprehensive services including automobile fittings, extended warranty agency, insurance agency, and auto loan agency. The internal combustion engine crankshaft business is mainly engaged in the research, development, manufacturing and sales of internal combustion engine crankshafts. The products are mainly applied in passenger cars, commercial vehicles, construction machinery/agricultural machinery, special machinery, etc. The Company mainly conducts business in the domestic market.
SICHUAN HAOWU ELECTROMECHANICAL CO., LTD. 
